What is MultiversX (Elrond)?
MultiversX (Elrond) (EGLD) is a Layer-1 blockchain network currently ranked 248th by market capitalization across all crypto assets we track. As a Layer-1 network, EGLD provides settlement, consensus, and computation for a wider ecosystem of applications. The token plays a dual role: paying for transaction fees, and acting as the economic incentive securing the network.
Market position
At the current price of $3.94, MultiversX (Elrond) carries a market capitalization of $118.10M. Daily trading volume across exchanges sits at roughly $6.15M. That works out to a 24-hour turnover of about 5.21% of the float — consistent with healthy market activity for a mid-to-large cap asset.
Price action across timeframes
Over the past 24 hours, MultiversX (Elrond) has moved ++0.54%; over the past week, MultiversX (Elrond) has moved -10.83%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Cycle position
MultiversX (Elrond) is currently trading far below its all-time high (all-time high of $541.04, -99.3% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $3.62, current pricing represents a +9% recovery.
Supply & dilution
The circulating supply stands at 29,974,943 EGLD. About 95.4% of the maximum supply is now in circulation; remaining issuance is gradual but should be factored into long-term valuation.
Volatility profile
Recent price action puts MultiversX (Elrond) in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate MultiversX (Elrond)
A balanced read on EGLD typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is EGLD performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.