$EGLD

MultiversX (EGLD), formerly Elrond, is a high-performance blockchain platform designed for scalability and speed using adaptive state sharding and Secure Proof of Stake (SPoS). [1][2]

## Core Features

It processes up to 15,000 transactions per second with 6-second latency and low fees around $0.001, making it suitable for dApps, DeFi, NFTs, and IoT applications. Sharding divides network, transactions, and state for efficiency while maintaining security and decentralization. Smart accounts enable on-chain storage of data like emails or proofs without bloating smart contracts. [1][2][3]

## EGLD Token Utility

EGLD (eGold) powers staking, governance, transaction fees, $EGLD validator rewards, and smart contract deployment on the network. Users can interact via wallets like Maiar (now xPortal) for fast transfers and DeFi services. The token supports tokenized assets like ESDTs for stablecoins and synthetics. [1][3][4] #EGLD