MultiversX

MultiversX is a Layer 1 blockchain protocol designed to address the throughput and cost limitations that affect many public blockchains, targeting developers and users who need fast, inexpensive on-chain activity. The project describes itself as a technology ecosystem aimed at decentralized finance, real-world assets, and the metaverse. Its native token, EGLD (Electronic Gold), is used to pay for network usage, secure the network through staking, and participate in governance decisions.

MultiversX claims to achieve horizontal scalability by applying sharding across three dimensions simultaneously: the network, transactions, and state, which allows parallel processing rather than sequential validation. The protocol uses a Proof of Stake consensus mechanism in which validators stake EGLD to participate in block production and earn rewards, while users pay transaction fees in EGLD to execute transfers, deploy smart contracts, and interact with decentralized applications. The entire circulating supply of 30,662,442 EGLD is already in circulation, with no additional supply scheduled, meaning the fully diluted valuation equals the market capitalization.

The protocol collected 62 USD in fees over the most recent 24-hour period, 565 USD over the trailing 7 days, 1,751 USD over the trailing 30 days, and 64,577 USD over the trailing 12 months, with fees growing 47.62 percent over the last 30 days. Annualizing the trailing 30-day figure produces an estimated 21,303.83 USD per year in fees, which results in a market-cap-to-annualized-fees ratio of 4,928.75. Fees are paid by users in EGLD and flow primarily to validators as staking rewards; the protocol records zero revenue across the 24-hour, 30-day, and 12-month periods stored here, meaning no portion of collected fees is retained by the protocol itself as measured revenue. The fee yield, expressed as annualized fees relative to market capitalization, stands at approximately 0.02 percent.