What is MultiversX?


MultiversX Blockchain Summary

multiversx logo

Launch Year

2020 (formerly Elrond)


Public Blockchain


Adaptive State Sharding, Secure Proof-of-Stake (SPoS)

MultiversX sets itself apart with a relentless focus on scalability and performance. Its unique adaptive state sharding architecture dynamically splits the network for increased transaction throughput. This design enables MultiversX to process thousands of transactions per second while maintaining security and decentralization.  The network’s emphasis on user-friendliness and developer experience positions it to power Web3 applications,  Metaverse projects, and the next generation of the internet.


MultiversX uses a Secure Proof-of-Stake (SPoS) model where EGLD holders contribute to network security and earn rewards by either:

Details about MultiversX staking

  • Validator

    Requires running specialized node software and a significant stake in EGLD.

  • Delegator

    Delegate EGLD to a validator of your choice, a simpler approach requiring a lower minimum stake.

Staking rewards are distributed proportionally to the amount staked, validator/delegator performance, and overall network participation.

Coin Utility

Used for paying transaction fees, participating in staking, and playing a role in network governance.


EGLD has a decreasing and eventually capped supply model. Information on the mechanism and target maximum supply would be valuable here.

Metaverse Focus

MultiversX’s rebranding towards the metaverse may influence EGLD’s use cases and future trajectory.


MultiversX Smart Contracts

MultiversX supports smart contract development using a streamlined version of the WebAssembly (WASM) virtual machine. This approach is designed for ease of development, security, and efficiency. Alongside smart contracts, MultiversX also enables the creation of ESDT tokens, which are similar to Ethereum’s ERC-20 tokens, opening the door for a broad range of digital assets.

Details about MultiversX smart contracts

  • Scalability & Sharding

    Benefits from adaptive state sharding for efficient smart contract execution and enhanced throughput.

  • Metachain Functionality

    Leverages the Metachain for cross-chain communication and value transfer between shards.


MultiversX Wallet Options

Hodlezz app showcase

xPortal (official)

MultiversX's flagship wallet with a focus on usability and DeFi integration.

MultiversX Wallet

An alternative web-based wallet provided by MultiversX.

Ledger and Trezor

Hardware wallet solutions prioritizing maximum security for EGLD storage.


How to Buy MultiversX (EGLD): Exploring Top Exchanges

Ready to invest in MultiversX (EGLD), formerly Elrond? Both centralized and decentralized exchanges offer paths to purchasing EGLD. Here’s an overview of some of the top options to find where to buy MultiversX for your investment strategy.

Best CEXs to Buy EGLD

  • Binance

    Global exchange featuring high liquidity and EGLD trading pairs.

  • Crypto.com

    Provides various crypto services, including EGLD trading.

  • Kraken

    Well-regarded exchange offering a good selection of cryptocurrencies, potentially including EGLD.

  • KuCoin

    Global exchange featuring several trading pairs for EGLD.

  • HTX (Huobi Global)

    Leading exchange with diverse crypto offerings, including EGLD.

Best DEXs to Buy EGLD

  • xExchange

    The official decentralized exchange of the MultiversX ecosystem, formerly known as the Maiar Exchange.

  • Ashswap

    A rising DEX on MultiversX offering yield opportunities and token swaps.

Important Note: Always research and consider factors such as fees, security, supported fiat currencies, and regional availability before choosing an exchange. It’s recommended to compare multiple options to find the best way to buy EGLD that suits your specific needs.


How to track MultiversX assets?

Monitor and capitalize all your MultiversX assets from multiple sources with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.

Hodlezz app portfolio data and features

7 easy steps to track and capitalize all your MultiversX assets

Open your crypto wallet app or web extension

MultiversX wallet instructions for Hodlezz portfolio
MultiversX wallet instructions for Hodlezz portfolio

Select your MultiversX public wallet address and copy it

Open the Hodlezz mobile app and create a portfolio

Hodlezz app portfolio instructions
Hodlezz app coin display

Select the settings icon in your portfolio

Select [Add connector] from the menu

Hodlezz app Portfolio menu
MultiversX integration in Hodlezz app

Select [MultiversX] for any MultiversX compatible address

Choose a name for your connector and insert your public wallet address

Hodlezz app portfolio connector setup

Start tracking all your crypto assets now

Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.