MultiversX ranks #61 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #277: 216 of the 276 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 283 non-native assets CoinSpectrum lists above it by market cap, about 52% are tokens, 42% are claims on other assets and 6% are memecoins.
| CoinSpectrum Grade | B · 67/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #61 |
| Rank counting claims | #277 |
| Market capitalisation | $104M |
| Price | $3.34 |
| Circulating supply | 31,053,429 EGLD |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Secure PoS (SPoS) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 67 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 59 to 71 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.8 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 7 | 3.5 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.9 | no fixed maximum; 31.1 million in circulation: supply scale 9.8, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 6 full years since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 18 decimal places, the smallest unit worth $3.3e-18 |
| Portability: fees of a cent or less and capacity for real demand | – | typical fee $0.00017 |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; pruned nodes validate everything |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | mx-chain-go nodes relay transactions directly. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Scalability (fees, throughput, block time, block space, features) | 6.5 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00017 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 2.8 | a block every 6 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✓ | Since the Supernova upgrade, rounds last 0.6 s (144,000 per daily epoch) and blocks are final within a few rounds. |
| Pruned nodes: a full node can validate and drop old history | ✓ | mx-chain-go validators clean old epoch data by default (ValidatorCleanOldEpochsData, NumEpochsToKeep = 4). |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol for users; wallets trust the gateway/API. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 11.8% |
| Largest three under 75% | ✓ | 18.11% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | mx-chain-go is developed by MultiversX, the company behind the chain, which also sets the roadmap. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 111,956 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | ESDT tokens native to the protocol, issuable by any account for a fee, plus Wasm smart contracts. |
| Smart contracts: a general-purpose contract system | 2 | Wasm smart contracts deployable by any account, running xExchange and lending on mainnet. |
| Multisig and time locks | ✓ | Board-and-quorum multisig contract (e.g. 3 of 5) plus time-locked contracts; guardians add a 20-epoch delay to key changes. |
| Atomic swaps with other chains | ✓ | Wasm contracts can hold funds against a hash preimage with a timeout refund (HTLC). |
| An exchange built into the protocol | ✗ | No exchange among the built-in functions; xExchange is a set of contracts. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol messaging to other chains; the Ethereum bridge is relayer-run. |
| Non-fungible tokens | ✓ | NFTs and SFTs as native ESDT tokens issued through a built-in system contract. |
| Decentralisation | 5.9 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: ESDT token issuers can freeze their own tokens, but no party can freeze EGLD or halt the chain. source |
| No central team (Source) | 0 | A central team directs it: mx-chain-go is developed by MultiversX, the company behind the chain, which also sets the roadmap. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 3.6 | 64.5% of today's supply allocated at launch to founders, a company, a foundation or investors. 20,000,000 EGLD minted in the bootstrapping phase (the 20B ERD sale-era supply redenominated 1000:1) against a current total supply of 31,017,947 EGLD (CoinGecko, 2026-10-23). source |
| Fundraising | 3.6 | Sold by its issuer or insiders: 64.5% of supply was theirs to sell, 28.4% sold so far. June 2019 private sale of 19% of the 20B ERD ($1.9M) plus the July 2019 Binance Launchpad IEO of 5B ERD (25%) at $0.00065 = 8.8B ERD = 8.8M EGLD after the 1000:1 redenomination. 8.8M / 31,017,947 EGLD current total supply (CoinGecko, 2026-10-23) = 28.4%. Private sale of $1.9M (June 2019; private investors received 19% of ERD), then the Binance Launchpad IEO in July 2019 for 25% of supply (hard cap $3.25M per Santiment; CoinDesk says $3.35M). Founders and core team reserved 19%. source |
| Developer share (after launch) | 9.4 | Developer share: about 6.4% of today's supply received so far; 50% of each new block reward goes to them today. From genesis (July 2020), 10% of epoch rewards went to the Protocol Sustainability address (economics.toml). Since the tail-inflation upgrade at epoch 1951 (2 Dec 2025), a further 20% goes to an EcosystemGrowth fund and 20% to a GrowthDividend fund, both KPI-gated and governance-run, leaving 50% for staking. Each new fund holds 438,927 EGLD (so ~2.19M tail issued). Pre-tail minting was ~31.03M - 20M - 2.19M = 8.83M, of which 10% = 0.88M. Tail cuts are 0.88M + 0.22M. Total ~1.98M of 31.03M = 6.4%. source |
| Supply & Demand | 8.7 | group average |
| Supply & Demand (Source) | 7.5 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 31 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.5 | $3,522,812 traded in 24 hours; #226 by volume on the exchanges the site reads (scored on the median day of the last 30, $5,802,297) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.9 | 5.2% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 7.7 | $216,912 within 2% of the price on 8 exchanges, 0.21% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 5 | $104M, 5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.9 | futures, options and margin positions 9.7% of its market cap |
| Supply (smaller is better) | 9.8 | no fixed maximum; 31.1 million in circulation |
| Record | 7 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2026-09-19 | ✗ | Network progression paused after an attempted exploit of a virtual-machine atomicity issue caused invalid state changes; block production resumed with a recovery upgrade on 2026-09-24, about five days later. |
| Age (years since genesis) (Source) | 6 | 6 full years since 2020-09-03, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 6 | 2 positive, 1 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 2,763 commits in 12 of the last 12 months (github.com/multiversx/mx-chain-go); mx-chain-go v2.1.9, released 2026-10-21. |
| Shipped a scaling upgrade in two years, +1 | ✓ | Supernova (mx-chain-go v2.x, 2026): round duration cut from 6 s to 0.6 s; mainnet config now reports erd_round_duration 600 ms. |
| Negative | ||
| Exploit of the chain, 2026-09-19, −1 | ✗ | An actor exploited a virtual-machine atomicity flaw that caused invalid state changes, forcing MultiversX to stop block production for about five days until a recovery upgrade on 24 Sep 2026. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a new capability for users in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
31,053,429 EGLD are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 64.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 28.4% of today's supply |
| Developer share received since launch | 6.4% of today's supply |
| Developer share of new coins today | 50% |
| Fundraising | Private or venture funding |
20,000,000 EGLD minted in the bootstrapping phase (the 20B ERD sale-era supply redenominated 1000:1) against a current total supply of 31,017,947 EGLD (CoinGecko, 2026-10-23).
Private sale of $1.9M (June 2019; private investors received 19% of ERD), then the Binance Launchpad IEO in July 2019 for 25% of supply (hard cap $3.25M per Santiment; CoinDesk says $3.35M). Founders and core team reserved 19%.
June 2019 private sale of 19% of the 20B ERD ($1.9M) plus the July 2019 Binance Launchpad IEO of 5B ERD (25%) at $0.00065 = 8.8B ERD = 8.8M EGLD after the 1000:1 redenomination. 8.8M / 31,017,947 EGLD current total supply (CoinGecko, 2026-10-23) = 28.4%.
From genesis (July 2020), 10% of epoch rewards went to the Protocol Sustainability address (economics.toml). Since the tail-inflation upgrade at epoch 1951 (2 Dec 2025), a further 20% goes to an EcosystemGrowth fund and 20% to a GrowthDividend fund, both KPI-gated and governance-run, leaving 50% for staking. Each new fund holds 438,927 EGLD (so ~2.19M tail issued). Pre-tail minting was ~31.03M - 20M - 2.19M = 8.83M, of which 10% = 0.88M. Tail cuts are 0.88M + 0.22M. Total ~1.98M of 31.03M = 6.4%.
Sources: insights.santiment.net · crypto-economy.com · coindesk.com · github.com · multiversx.com · api.multiversx.com. Researched 2026-10-24, medium confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
MultiversX is #61 among cryptocurrencies and #277 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 216 places between MultiversX's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 2 wrapped and staked claims on MultiversX →