what's multiversx?
MultiversX is a layer-1 blockchain platform designed for high scalability and efficiency in handling decentralized applications and enterprise solutions. It employs adaptive state sharding to achieve internet-scale throughput, processing thousands of transactions per second while maintaining security through secure proof-of-stake consensus. The network supports smart contracts via its WebAssembly-based virtual machine, enabling complex DeFi protocols, NFTs, and AI-integrated dApps. Positioned as a green alternative in the blockchain space, it targets mass adoption in the digital economy with low energy consumption and user-friendly tools like Herotags for simplified addressing. Its ecosystem features the EGLD native token for staking, governance, and fees, with recent upgrades like Barnard enhancing on-chain voting and interoperability. MultiversX collaborates with entities like CertiK for security audits and has a growing DeFi TVL, positioning it as a competitive PoS chain in the multi-chain landscape.
Multiversx hosted Build Wars Hackathon with CertiK security for Web3 developers.
Hosted Build Wars Hackathon with security support from CertiK for developers building Web3 applications on the platform.
PiSquared's OmniSet goes live on devnet, providing bridgeless cross-chain liquidity infrastructure across MultiversX, Solana, and Spicenet.
xMoney releases whitepapers for MiCA-regulated stablecoins EURXM, USDXM, and RONXM, launching on MultiversX and Sui Network with integration into xMoney payment infrastructure and ongoing audits.
RocketX launches ZERO FEE DECEMBER promotion, enabling users to move assets from 200+ chains with no platform fees throughout the month.
Staking V5 upgrade on December 2 (v1.11.1) adds Reward Buckets with tail inflation, dynamic issuance, and diversified ecosystem rewards.
A protocol upgrade called Supernova is planned for December 2025 (date to be determined).
MultiversX launches Staking V5 on December 2, 2025.
Binance adds EGLD to its Soft Staking program, enabling users to earn staking rewards directly from spot wallet holdings.
OneDex_X launches the first Concentrated Liquidity Market Maker (CLMM) on MultiversX on November 10.
Binance delists EGLDUSD coin-margined perpetual contracts on November 13.
Allegations emerge that the governance process was rigged through short notice periods, bundling multiple massive changes in one proposal, refusing debate while attacking critics, not disclosing or abstaining team stake, and blocking community Spaces.
The EGLD governance proposal passes, approving the 8.75% inflation rate and $250M token allocation plan previously outlined in the October 10 proposal.
RocketX integration enables users to swap into $EGLD from 195+ chains in one click.
Flash Rewards program offers 10% annual returns on EGLD with 14-day lockup period, capped at 24,500 EGLD allocations from October 23 to November 6, 2025.
MultiversX participates as speaker in WalletConnect Townhall scheduled for October 16 at 4PM CET, alongside Arculus, Bluefin, and Talent Protocol.
The governance proposal ratification vote occurs on October 15, 2025.
Governance proposal specifies 8.75% yearly inflation with total $250M in new token allocations ($100M to MvX Labs LLC, $150M for DAT/ETF deals), voting structure giving stakeholders only 40% control (foundation and foundation-funded xAlliance control remaining 60%), and 90% builder fee revenue share with only 10% burn rate compared to competitors' 50%.
$XMN token TGE executes today with initial listing price of $0.10, ~500M initial circulating supply out of 10B max, and distribution split: 30% community, 25% treasury, 25% team, 10% staking rewards, 10% investors. A $10K campaign launches for early participants.
$EGLD ranks in top 10 tokens for 24-hour DePIN (Decentralized Physical Infrastructure Networks) mindshare, indicating increased market attention and narrative positioning in this sector.
Leadership accused of planning to mint $100M worth of new tokens for allocation to their for-profit company, allegedly breaking fixed supply promise despite team already receiving 12% allocation.
Governance proposal includes specific plans to mint and allocate tokens to MvX Labs LLC company, alongside creating ETF and DAT structures for leadership benefit, further intensifying community concerns about dilution and self-dealing.
Community backlash emerges against latest governance proposal criticized for inflationary token economics and breaking social contract, with calls for rejection.
Sui Foundation leads the $21.5M xMoney funding round; $XMN token launches in early October with revenue-linked buyback mechanism and liquidity programs.
Payment firm xMoney secures $21.5M strategic funding with MultiversX backing, operating under MiCA license and serving over 5,000 merchants through Visa/Mastercard integration.
Proposal #07 voting ends September 15, deciding between bridge implementation versus one-time allocation for UTK to XMN transition.
$EGLD ranks among this week's most discussed cryptocurrency tickers alongside major assets like Bitcoin and Ethereum.
TVL triples, indicating substantial capital inflow and growing protocol adoption.
Token unlock of 40.63M tokens ($26.21M) scheduled for September 2, representing 0.64% of circulating supply.
Token receives highest smart money inflows of $1.20M in past week, signaling institutional interest.
Sophisticated traders on Hyperliquid show bearish positioning, with aggregate perpetual futures indicating more short ($2.67B) than long ($1.93B) positions across major cryptocurrencies including ENA.
Token shows 12% daily gain, ranking second among large-cap projects despite recent selling pressure from prominent holders.
Prominent holder Ansem transfers $ENA tokens to Bybit exchange, indicating possible selling pressure.
Stablecoin USDE reaches $9B market cap, correlating with 13.1% increase in native token price.
Major token unlock of $101.87M scheduled for next week.
BitMEX co-founder Hayes sells $4.62M worth of ENA tokens, reversing recent accumulation position.
DAT company initiates significant open market purchases of $ENA tokens, creating buy pressure to counter VC selling activity.
Large $ENA holder transfers tokens to exchanges, indicating potential selling pressure.
Whale withdraws $8.12M (13.4M tokens) from Binance to private wallet.
BitMEX co-founder accumulates $4M worth of ENA tokens across multiple venues, as part of $12.5M ETH ecosystem investment.
Protocol generates $20M in monthly fees while reaching all-time-high TVL
$360M PIPE deal announced for StablecoinX initiative alongside $260M foundation buyback program.
Barnard upgrade deploys to mainnet on July 24.
Building perpetual DEX platform while showing 20% price increase and strong ETH correlation, with notably low social media coverage despite performance.
$ENA token lists on Upbit, South Korea's largest cryptocurrency exchange
Joins DeRec Alliance alongside Hedera, Algorand, and Ripple to develop cross-chain wallet recovery protocol, expanding cross-chain capabilities and security infrastructure.
New AI-powered mobile dApp launches on iOS and Android with 7,890 unique wallets signed up within five days of release.
Voting begins tomorrow for Barnard upgrade, bringing on-chain governance to the network.
Native stablecoin USH launches with $7M day-one adoption, accompanied by 40% growth in liquid staking and 100% increase in DEX volume.
Community voting period for major Andromeda upgrade ends in April.