Elrond, now rebranded as MultiversX, has emerged as a powerful contender in the blockchain space by tackling one of the industry’s most persistent challenges: scalability. With the ability to process up to 260,000 transactions per second—five times faster than Visa—MultiversX offers a high-performance alternative to legacy networks like Bitcoin and Ethereum. Its native token, eGold (EGLD), powers transactions, staking, and governance within the ecosystem, making it a compelling asset for investors seeking exposure to next-generation blockchain infrastructure.
This guide walks you through everything you need to know about buying, storing, and evaluating EGLD as part of your digital asset portfolio in 2025.
What Is MultiversX (formerly Elrond)?
MultiversX, originally launched as Elrond, is a smart contract-enabled blockchain designed for speed, security, and scalability. Unlike older blockchains that struggle with congestion and high fees, MultiversX leverages an innovative consensus mechanism called Adaptive State Sharding to split network tasks across multiple parallel chains (shards). This allows the network to scale horizontally while maintaining low latency and minimal transaction costs—often less than $0.01 per transaction.
The platform supports decentralized applications (dApps), digital identity solutions, and metaverse integrations, positioning itself at the forefront of Web3 innovation. In 2022, the rebrand from Elrond to MultiversX marked a strategic shift toward building a comprehensive ecosystem for immersive digital experiences, NFTs, and cross-chain interoperability.
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Understanding eGold (EGLD)
EGLD, or eGold, is the native cryptocurrency of the MultiversX network. It serves multiple critical functions:
- Transaction fees: Used to pay for all on-chain activity.
- Staking: Users can stake EGLD to help secure the network and earn rewards—typically between 10%–20% annual percentage yield (APY).
- Governance: Token holders vote on protocol upgrades and ecosystem development proposals.
- Store of value: Designed to appreciate as network usage grows.
Originally issued as an ERC-20 token on Ethereum, EGLD migrated to its own mainnet in 2020 at a conversion rate of 1,000 old tokens for 1 new EGLD. Since then, EGLD has delivered extraordinary returns, rising from under $10 to over $130 within months during its early growth phase.
As of 2025, EGLD trades around $27–$30 with a market cap exceeding $750 million, reflecting growing adoption and developer interest.
A Brief History of MultiversX
MultiversX was founded in 2017 by brothers Beniamin Mincu and Lucian Mincu, along with tech entrepreneur Lucian Todea. The team brought deep expertise in blockchain architecture and venture building, having previously launched Metachain Capital, a crypto-focused investment fund.
The project raised funds through an Initial Exchange Offering (IEO) in 2019 via platforms like Binance Launchpad—a more secure alternative to traditional ICOs. After launching its mainnet in 2020, the network quickly gained traction due to its unmatched throughput and low-cost operations.
In 2022, the rebrand to MultiversX signaled an ambitious vision: moving beyond a single blockchain into a full-stack digital economy supporting virtual worlds, AI-driven agents, and real-time digital asset exchange. While facing stiff competition from Ethereum, Solana, and Cardano, MultiversX continues to innovate with partnerships in gaming, DeFi, and identity verification.
How to Buy EGLD: Step-by-Step Guide
Purchasing EGLD is straightforward if you follow these essential steps:
1. Choose a Cryptocurrency Exchange
Several major exchanges support EGLD trading pairs. Top platforms include:
- Coinbase
- Binance.US
- Kraken
- Crypto.com
These platforms offer user-friendly interfaces, strong security measures, and both USD and crypto trading pairs (e.g., EGLD/USD or EGLD/BTC).
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2. Create and Verify Your Account
To comply with regulatory requirements (KYC), you’ll need to provide:
- Full legal name
- Residential address
- Date of birth
- Government-issued ID
- Social Security Number (for U.S. residents)
Verification typically takes minutes to a few hours.
3. Fund Your Account
Once verified, deposit funds using one of the following methods:
- Bank transfer (ACH or wire)
- Debit card
- Credit card (may incur fees)
- Cryptocurrency deposit (e.g., send BTC or USDT from another wallet)
Processing times vary: bank transfers may take 1–3 business days, while card deposits are instant.
4. Buy EGLD
Navigate to the trading section and search for “EGLD.” You can:
- Place a market order to buy instantly at current price
- Use a limit order to set your desired purchase price
Review fees (typically 0.1%–0.5%) before confirming your trade.
Where to Store EGLD Safely
Security is crucial when holding any cryptocurrency. Here are the best options for storing EGLD:
Best Hardware Wallet: Ledger
While few hardware wallets natively support EGLD, Ledger Nano S and Nano X users can securely store their tokens via Ledger Live. By installing the Elrond app through Ledger Live, you gain cold storage protection with easy access to staking and transfers.
Best Software Wallet: MultiversX DeFi Wallet
Formerly known as Elrond Wallet, this official non-custodial wallet allows users to:
- Store and manage EGLD
- Stake tokens directly for passive income
- Interact with dApps and NFT marketplaces
- Sign transactions securely
Available as a browser extension and mobile app, it's the most seamless way to engage with the MultiversX ecosystem.
Is EGLD a Good Investment in 2025?
EGLD presents a strong value proposition based on technology and utility:
✅ High scalability: 260K TPS outperforms most competitors
✅ Low fees: Attractive for microtransactions and frequent use
✅ Active staking rewards: Double-digit APY incentivizes long-term holding
✅ Metaverse focus: Strategic positioning in emerging digital economies
However, challenges remain:
❌ Ethereum dominance: Most dApps still run on Ethereum despite higher costs
❌ Developer adoption: MultiversX needs more projects to build on its chain
❌ Market volatility: Like all cryptocurrencies, EGLD is subject to price swings
For investors, EGLD offers exposure to a scalable Layer-1 blockchain with real-world use cases. If MultiversX succeeds in attracting developers and users to its metaverse vision, EGLD could see significant appreciation.
Frequently Asked Questions (FAQ)
Q: Can I buy EGLD with USD?
A: Yes. Major exchanges like Coinbase, Kraken, and Binance.US allow direct purchases of EGLD using U.S. dollars via bank transfer or card.
Q: What is the total supply of EGLD?
A: The maximum supply is capped at 31.4 million EGLD tokens, creating scarcity similar to Bitcoin’s model.
Q: How do I stake my EGLD?
A: You can stake through the MultiversX DeFi Wallet or supported exchanges. Simply choose a validator node and delegate your tokens to earn rewards.
Q: Is EGLD an ERC-20 token?
A: No. While it started as an ERC-20 token on Ethereum, EGLD now operates on its own independent blockchain and cannot be stored in standard Ethereum wallets.
Q: Does MultiversX have smart contract capabilities?
A: Yes. MultiversX supports smart contracts written in Rust and Move languages, enabling DeFi apps, NFTs, and automated financial services.
Q: Can I use MetaMask to store EGLD?
A: Not natively. However, advanced users can manually add the MultiversX network to MetaMask using custom RPC settings—but the official wallet is recommended for ease and security.
Final Thoughts
MultiversX represents a bold leap forward in blockchain performance and usability. With its ultra-fast transaction speeds, low fees, and expanding ecosystem focused on the metaverse and digital identity, it stands out in a crowded field of Layer-1 competitors.
Buying EGLD in 2025 is simple through trusted exchanges, and storing it securely is achievable with tools like Ledger or the official MultiversX wallet. Whether you're investing for long-term growth or participating in staking for passive income, EGLD offers both technological promise and tangible utility.
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As always, conduct thorough research and consider your risk tolerance before investing in any cryptocurrency.