MultiversX (EGLD)
MultiversX ranks #61 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #278: 217 of the 277 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 286 non-native assets CoinSpectrum lists above it by market cap, about 50% are claims on other assets, 43% are tokens, 6% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 71/100 · provisional, A to A+ |
|---|---|
| Rank among cryptocurrencies | #61 |
| Rank counting claims | #278 |
| Market capitalisation | $92M |
| Price | $2.94 |
| Circulating supply | 31,146,012 EGLD |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Secure PoS (SPoS) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 71 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 66 to 75 (A to A+).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 8.8 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 9.8 | no fixed maximum; 31.1 million in circulation |
| Distribution | 6.7 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 3.6 | 64.5% of today's supply allocated at launch to founders, a company, a foundation or investors. 20,000,000 EGLD minted in the bootstrapping phase (the 20B ERD sale-era supply redenominated 1000:1) against a current total supply of 31,017,947 EGLD (CoinGecko, 2026-10-23). source |
| Fundraising (share sold) (Source) | 7.2 | Sold by its issuer or insiders: 28.4% of supply sold. June 2019 private sale of 19% of the 20B ERD ($1.9M) plus the July 2019 Binance Launchpad IEO of 5B ERD (25%) at $0.00065 = 8.8B ERD = 8.8M EGLD after the 1000:1 redenomination. 8.8M / 31,017,947 EGLD current total supply (CoinGecko, 2026-10-23) = 28.4%. Private sale of $1.9M (June 2019; private investors received 19% of ERD), then the Binance Launchpad IEO in July 2019 for 25% of supply (hard cap $3.25M per Santiment; CoinDesk says $3.35M). Founders and core team reserved 19%. source |
| Developer share (after launch) | 9.4 | Developer share: about 6.4% of today's supply received so far; 50% of each new block reward goes to them today. From genesis (July 2020), 10% of epoch rewards went to the Protocol Sustainability address (economics.toml). Since the tail-inflation upgrade at epoch 1951 (2 Dec 2025), a further 20% goes to an EcosystemGrowth fund and 20% to a GrowthDividend fund, both KPI-gated and governance-run, leaving 50% for staking. Each new fund holds 438,927 EGLD (so ~2.19M tail issued). Pre-tail minting was ~31.03M - 20M - 2.19M = 8.83M, of which 10% = 0.88M. Tail cuts are 0.88M + 0.22M. Total ~1.98M of 31.03M = 6.4%. source |
| Decentralisation | 5.7 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: ESDT token issuers can freeze their own tokens, but no party can freeze EGLD or halt the chain. source |
| No central team (Source) | 0 | A central team directs it: mx-chain-go is developed by MultiversX, the company behind the chain, which also sets the roadmap. source |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| Nodes (Source) | – | Not yet counted |
| Security | 8 | 6.4 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 11.8%, largest three 18.11% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 8 | about 111,956 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 6.5 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00017 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 2.8 | a block every 6 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | – | not yet measured |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Since the Supernova upgrade, rounds last 0.6 s (144,000 per daily epoch) and blocks are final within a few rounds. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | mx-chain-go validators clean old epoch data by default (ValidatorCleanOldEpochsData, NumEpochsToKeep = 4). |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light-client protocol for users; wallets trust the gateway/API. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | mx-chain-go nodes relay transactions directly. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | ESDT tokens native to the protocol, issuable by any account for a fee, plus Wasm smart contracts. |
| Smart contracts (General-purpose) | 2 | Wasm smart contracts deployable by any account, running xExchange and lending on mainnet. |
| Multisig and time locks (Without a third party) | ✓ | Board-and-quorum multisig contract (e.g. 3 of 5) plus time-locked contracts; guardians add a 20-epoch delay to key changes. |
| Atomic swaps (With other chains) | ✓ | Wasm contracts can hold funds against a hash preimage with a timeout refund (HTLC). |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (MultiversX, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains; the Ethereum bridge is relayer-run. |
| NFTs (Carried by the chain's rules) | ✓ | NFTs and SFTs as native ESDT tokens issued through a built-in system contract. |
| Demand | 6.4 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 30 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.1 | $4,205,347 traded in 24 hours; #260 by volume on the exchanges the site reads (scored on the median day of the last 30, $3,655,630) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.1 | 3.3% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 7.6 | $170,312 within 2% of the price on 8 exchanges, 0.19% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 4.9 | $92M, 4.9 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.3 | futures, options and margin positions 7.2% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 7.7 | average of 3 criteria |
| Age (years since genesis) (Source) | 6 | 6 full years since 2020-09-03, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 8 | 4 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 2,408 commits in 12 of the last 12 months (github.com/multiversx/mx-chain-go); mx-chain-go v2.1.9, released 2026-10-21. |
| Shipped a security fix in two years, +1 | ✓ | fixed the flaw behind the exploit of 2026-09-19 |
| Shipped a scaling upgrade in two years, +1 | ✓ | Supernova (mx-chain-go v2.x, 2026): round duration cut from 6 s to 0.6 s; mainnet config now reports erd_round_duration 600 ms. |
| Exploit of the chain, 2026-09-19, flaw fixed (the security fix above) | ✓ | An actor exploited a virtual-machine atomicity flaw that caused invalid state changes, forcing MultiversX to stop block production for about five days until a recovery upgrade on 24 Sep 2026. cryptoslate.com |
| Not yet researched | ||
| Shipped a new capability for users in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2026-09-19 | ✗ | Network progression paused after an attempted exploit of a virtual-machine atomicity issue caused invalid state changes; block production resumed with a recovery upgrade on 2026-09-24, about five days later. cryptoslate.com |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Stake coins
Ethereum 
BNB 
Solana 
Vaulta 
NEO 
dYdX 
Kava Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
31,146,012 EGLD are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 64.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 28.4% of today's supply |
| Developer share received since launch | 6.4% of today's supply |
| Developer share of new coins today | 50% |
| Fundraising | Private or venture funding |
20,000,000 EGLD minted in the bootstrapping phase (the 20B ERD sale-era supply redenominated 1000:1) against a current total supply of 31,017,947 EGLD (CoinGecko, 2026-10-23).
Private sale of $1.9M (June 2019; private investors received 19% of ERD), then the Binance Launchpad IEO in July 2019 for 25% of supply (hard cap $3.25M per Santiment; CoinDesk says $3.35M). Founders and core team reserved 19%.
June 2019 private sale of 19% of the 20B ERD ($1.9M) plus the July 2019 Binance Launchpad IEO of 5B ERD (25%) at $0.00065 = 8.8B ERD = 8.8M EGLD after the 1000:1 redenomination. 8.8M / 31,017,947 EGLD current total supply (CoinGecko, 2026-10-23) = 28.4%.
From genesis (July 2020), 10% of epoch rewards went to the Protocol Sustainability address (economics.toml). Since the tail-inflation upgrade at epoch 1951 (2 Dec 2025), a further 20% goes to an EcosystemGrowth fund and 20% to a GrowthDividend fund, both KPI-gated and governance-run, leaving 50% for staking. Each new fund holds 438,927 EGLD (so ~2.19M tail issued). Pre-tail minting was ~31.03M - 20M - 2.19M = 8.83M, of which 10% = 0.88M. Tail cuts are 0.88M + 0.22M. Total ~1.98M of 31.03M = 6.4%.
Sources: insights.santiment.net · crypto-economy.com · coindesk.com · github.com · multiversx.com · api.multiversx.com. Researched 2026-10-24, medium confidence.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks MultiversX
MultiversX is #61 among cryptocurrencies and #278 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 217 places between MultiversX's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).