MultiversX Token: What It Is, How It Works, and Where to Use It

When you hear MultiversX token, the native currency of the MultiversX blockchain, formerly known as Elrond. Also known as EGLD, it's not just another crypto—it's the fuel for a blockchain built to handle millions of transactions per second without slowing down. Unlike older chains that struggle with high fees and slow confirmations, MultiversX uses a unique approach called sharding to split work across many parallel networks. This lets it process transactions faster than Visa, with fees under a penny.

That speed matters because it enables real DeFi apps, NFT marketplaces, and gaming platforms that actually feel smooth to use. The EGLD coin, the primary token used for payments, staking, and governance on the MultiversX network isn’t just traded—it’s actively used to secure the network. People stake EGLD to earn rewards, similar to how you’d earn interest in a bank, but without a middleman. This is called proof-of-stake, and it’s what keeps the network running without burning massive amounts of energy. The more people stake, the more secure and decentralized the system becomes.

Many of the projects built on MultiversX focus on decentralized exchanges, where you trade crypto directly from your wallet without handing control to a company. That’s why you’ll see posts here about staking, airdrops, and exchange reviews—they all tie back to the same ecosystem. The Elrond blockchain, the original name of the MultiversX network, still used interchangeably by many users and developers is designed for everyday use, not just speculation. Whether you’re swapping tokens, playing a blockchain game, or earning rewards by locking up crypto, MultiversX tries to make it simple, fast, and cheap.

What you’ll find in the posts below are real-world examples of how this works: guides on staking EGLD to earn passive income, breakdowns of exchanges built on MultiversX, warnings about fake airdrops pretending to be tied to it, and comparisons with other blockchains. There’s no fluff—just what you need to know to use the network safely and get value from it. If you’re curious about where the next wave of DeFi apps is being built, or how to earn more from your crypto without trading, the answers start here.