MultiversX
MultiversX is an internet-scale blockchain network that uses adaptive state sharding to deliver high-throughput, secure, and energy-efficient decentralized infrastructure for next-generation applications. The network is decentralized across 3,200+ validator nodes and has achieved a maximum recorded throughput of 263,000 transactions per second, with an average transaction cost of approximately $0.002. MultiversX has…
Funding snapshot
About
MultiversX is an internet-scale blockchain network that uses adaptive state sharding to deliver high-throughput, secure, and energy-efficient decentralized infrastructure for next-generation applications. The network is decentralized across 3,200+ validator nodes and has achieved a maximum recorded throughput of 263,000 transactions per second, with an average transaction cost of approximately $0.002. MultiversX has processed over 434 million total transactions and supports 9.14 million onchain active addresses. The platform features a WASM-based virtual machine enabling smart contracts in familiar programming languages, Secure Proof of Stake consensus, on-chain 2FA, and the innovative Sovereign Chains architecture. Developers receive 30% of gas fees when their smart contracts are called. The ecosystem includes 123+ projects, 96 partners, 75 validators, and 31 service providers, with integrations from TRM Labs, Entangle, SafePal, Ramp, and others. The native eGold (EGLD) token powers network access, security, and economic alignment. Founded in 2017 (originally as Elrond) and headquartered in Phillips, United States, MultiversX has raised $16.9M in Series A funding from investors including Electric Capital, NGC Ventures, Maven 11, Woodstock, Binance, Morningstar Ventures, SkyGate Digital, MV Global, Quadrilium Ventures, and Mapleblock.
Business model
Blockchain Infrastructure > Blockchain Network,
Cryptocurrencies > Financial Services > Diversified
Founders & team highlights
Serial Founder
Institutional investors
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