MultiversX, formerly Elrond, is a sharded proof-of-stake Layer 1 that splits the network into parallel shards to raise throughput. Its native token is EGLD.
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.
Total value locked (DeFi)
$9.8M
Value locked in DeFi protocols on MultiversX. Updated Jun 8, 2026. Source: DefiLlama.
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.
Consensus: Secure Proof of Stake with adaptive state sharding
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.
Ecosystem & usage
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.
Yes. The project launched its mainnet in 2020 as Elrond and rebranded to MultiversX in 2022. The native token kept the EGLD ticker through the change.
How does sharding work on MultiversX?
The network is divided into shards that each process a portion of state and transactions in parallel, with a metachain coordinating between them. The number of shards can adapt to the validator count and network load.
What is EGLD used for?
EGLD pays transaction fees, is staked to secure the network, and is used to deploy smart contracts and take part in governance. The supply is capped at 31,415,926 EGLD.
How fast does MultiversX settle transactions?
Rounds are fixed at six seconds, and a shard block is final once enough of its validators sign it. Cross-shard transfers settle within a few seconds via the metachain.
Can I hold EGLD in Zypto App?
Not yet. EGLD isn't in Zypto App at the moment. You can hold it in any self-custodial wallet, and you can ask us to add MultiversX using the "Request MultiversX" button above.
