MultiversX
EGLD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MultiversX (EGLD) displays a balanced yet mixed profile across core fundamentals. On the development front (8.0/10), the project demonstrates consistent technical progression, reflected in 4,065 commits across 194 repositories, high governance execution (99.64% approval for the Supernova upgrade slated for September 2026), and extensive multi-language SDK support. Community support (6.5/10) is sustained by active dApp usage and ongoing governance interactions, though comprehensive sentiment metrics remain limited. Team and governance (7.0/10) benefit from a public and long-tenured core team, tempered by high genesis insider allocations (~36% team/reserve) and nascent on-chain frameworks. Tokenomics (6.0/10) are supported by high staking participation (~61.5%–66%) and gas utility, but face headwinds from the removal of the original hard cap in favor of a perpetual 2% inflation floor in a low-fee environment. Market and use case (5.0/10) highlight a functional Layer-1 network that struggles for relative market traction and liquidity against dominant smart contract platforms. Security and audit history (4.0/10) represents the primary area of concern due to a low third-party security rating (21% on cer.live via CoinGecko), a reported ~$120M smart contract exploit in ~2022 (which was patched at the protocol level), and a disclosed wallet CSV injection vulnerability. No qualifying red-flag cap applies as the historical 2022 exploit occurred over 24 months prior to current evaluation and no active catastrophic impairment was confirmed. The overall score is calculated as the direct weighted average across all six complete sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MultiversX (EGLD)
MultiversX (EGLD), formerly known as Elrond, is a Layer-1 blockchain network utilizing adaptive state sharding and a Secure Proof of Stake consensus mechanism. EGLD is the native asset of the network, functioning as the unit of account for network gas fees, validator staking, on-chain governance participation, and smart contract execution.
The network operates with approximately 3,200 validator nodes and provides developer tooling across TypeScript, Go, Rust, and Python. Protocol upgrades are managed via on-chain governance, including the Supernova framework. In terms of tokenomics, network security relies on a staking rate of roughly 61.5% to 66%. However, governance decisions altered the network's initial supply economics, replacing the original hard cap of 31,415,926 tokens with a permanent minimum inflation floor of 2%. In addition, genesis allocations directed roughly 36% of the token supply toward the core team and company reserves.
The project has recorded notable security vulnerabilities and operational concerns. In approximately 2022, an attacker exploited a smart contract vulnerability before a fix was applied, extracting roughly 1.65 million EGLD (valued at approximately $120 million at the time). Furthermore, NeroTeam Security Labs identified a CSV injection vulnerability affecting the official MultiversX Wallet web platform. Third-party evaluators have also noted security limitations, including a 21% security rating on cer.live and a lack of independently verifiable public audit coverage.