MultiversX

MultiversX is a Layer 1 blockchain network designed to support decentralized applications, smart contracts, decentralized finance, and real-world asset tokenization. Its core claim is that it can process up to 100,000 transactions per second at a cost of roughly $0.002 per transaction by using a sharding architecture that divides the network's workload across multiple parallel segments. It positions itself as infrastructure for developers and users who need a high-throughput, low-cost environment for building and using blockchain-based services.

MultiversX achieves its throughput by applying sharding across three dimensions — the network itself, the way transactions are processed, and the way state data is stored — so that the system scales horizontally as more nodes join. The network uses a Proof of Stake consensus mechanism, meaning validators lock up EGLD tokens to participate in block production and earn rewards in return. EGLD, the native token, is used to pay transaction fees, deploy smart contracts, stake as a validator, and vote on governance decisions, making it the single unit of account for all economic activity on the chain.

The protocol collected 57 EGLD-equivalent dollars in fees over the most recent 24-hour period, 2,816 dollars over the trailing 30 days, and 47,155 dollars over the trailing 12 months, with fees falling 61.74 percent over the last 30 days. These fees are paid by users submitting transactions and deploying contracts, and they flow to validators rather than being retained by a protocol treasury, which is why the recorded revenue figure is zero dollars over both the trailing 24 hours and the trailing 30 days. Because protocol revenue is zero, any revenue-based valuation ratios used elsewhere on this site are not applicable here. The annualized fee yield, calculated as fees relative to market capitalization, stands at approximately 0.03 percent.