MultiversX at a glance.
MultiversX launched its mainnet in 2020 as Elrond and rebranded to MultiversX in 2022, using state sharding to process transactions across parallel shards. Here is how it works and what it is used for, not the price.
$9.8M
Value locked in DeFi protocols on MultiversX. Updated Jun 8, 2026. Source: DefiLlama.
EGLD
Used for fees and securing the network. See the live EGLD price.
How MultiversX works.
MultiversX splits its network into shards, each handling part of the state and transactions in parallel, with a metachain coordinating across them. Validators stake EGLD and are picked for each round by a Secure Proof of Stake scheme that weighs both stake and a node rating. A round is fixed at six seconds, validators are reshuffled between shards roughly every 24-hour epoch to reduce collusion, and each shard block is final once enough of its validators sign it.
MultiversX splits its network into shards, each handling part of the state and transactions in parallel, with a metachain coordinating across them. Validators stake EGLD and are picked for each round by a Secure Proof of Stake scheme that weighs both stake and a node rating. A round is fixed at six seconds, validators are reshuffled between shards roughly every 24-hour epoch to reduce collusion, and each shard block is final once enough of its validators sign it.
Adaptive state sharding
The network divides state, transactions and nodes into shards that can split or merge as validator count and usage change, so capacity scales with the number of shards rather than every node processing everything.
Secure Proof of Stake
Validators stake EGLD to take part, and selection for each consensus group factors in both stake and a performance rating, with random sampling and reshuffling to keep shards hard to capture.
Metachain coordination
A dedicated metachain notarizes shard blocks and handles cross-shard messaging, so a transfer between accounts in different shards settles in a few seconds.
EGLD utility and supply
EGLD pays fees, is staked to secure the network, and is used to deploy contracts and vote in governance. Supply is capped at 31,415,926 EGLD, and a share of transaction fees is burned to offset new issuance.
What MultiversX is used for.
MultiversX is used as a smart-contract platform for DeFi, tokens, NFTs and consumer apps, with EGLD as the asset for fees, staking and governance.
DeFi and tokens
Builders deploy lending, swapping and token projects that benefit from the network low fees and parallel-shard throughput.
Staking
Holders stake or delegate EGLD to help secure the network and earn protocol rewards, subject to validator and delegation rules.
Consumer and wallet apps
The ecosystem includes a wallet and app layer aimed at everyday use, where EGLD and issued tokens move with low fees and fast finality.
Hold, swap and spend EGLD.
MultiversX is integrated in Zypto App. Hold EGLD in self-custody, swap it to any supported asset, and use it across Zypto’s features.
Be the reason MultiversX ships next.
MultiversX isn’t in Zypto App yet. Post the request to your followers, chains with the most demand get prioritised.
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