MultiversX
MultiversX is a distributed blockchain platform (formerly Elrond, founded 2017, Romania) using adaptive state sharding to deliver low-cost, high-throughput infrastructure for developers, validators, and end users building decentralized applications and now enabling AI-agent commerce.
- Company typePrivate
- Founded2017
- HeadquartersSibiu, Romania
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What MultiversX does
MultiversX (formerly Elrond, rebranded 2023) is a distributed blockchain network founded in 2017 and headquartered in Sibiu, Romania, operating under the Elrond Foundation. The platform is built around Adaptive State Sharding — claimed to be the first implementation where state, transaction, and network sharding operate simultaneously — combined with a Secure Proof of Stake consensus mechanism and a WASM-based virtual machine for smart contract execution. The network reports a maximum recorded throughput of 263,000 TPS, an average transaction cost of approximately $0.002, and is secured by 3,200+ validator nodes, with cumulative network activity of 434M+ transactions and 9.14M on-chain active addresses.
The product portfolio centers on the core blockchain platform and the native EGLD token (capped supply of 31,415,926), surrounded by an ecosystem of products and developer tooling: xExchange (DEX), xLaunchpad (token issuance), xPortal (super app), Builders Hub, Sovereign Chains SDK, Elasticindexer Service, and security features including on-chain 2FA and Multikey Nodes. The company has extended into payments and regulated financial services through the acquisitions of Utrust (2022) and Capital Financial Services S.A./Twispay (2021), the latter providing an EU Electronic Money Institution license for IBAN accounts and debit cards. The xMoney subsidiary is developing EURXM, USDXM, and RONXM stablecoins with planned cross-chain issuance.
The business model is product-led and self-serve, targeting four primary segments: developers and builders (via documentation, grants, and the Growth Games program), validators and stakers (earning EGLD rewards), individual users (wallets, dApps, token purchases via integrated exchanges), and a secondary enterprise/institution segment served through xMoney. Revenue mechanics are predominantly protocol-level — transaction fees, sovereign chain deployment fees, and ecosystem services — rather than enterprise sales contracts. Go-to-market combines developer community building (Discord, xDay annual conference with 2,600+ attendees, hackathons, ambassador program), multi-cloud distribution (Google Cloud, AWS, Tencent Cloud), and integrations with wallet providers (Ledger, Opera, SafePal) and exchanges. The February 2026 integrations of Google's Universal Commerce Protocol and Coinbase's x402 payment protocol represent a strategic pivot toward enabling AI-agent-driven blockchain commerce.
MultiversX firmographics
Firmographics- Name
- MultiversX
- Legal name
- MultiversX
- Website
- https://multiversx.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MultiversX is a distributed blockchain platform (formerly Elrond, founded 2017, Romania) using adaptive state sharding to deliver low-cost, high-throughput infrastructure for developers, validators, and end users building decentralized applications and now enabling AI-agent commerce.
- Ownership category
- akta.pro rank
MultiversX industry classification
Industry- Product category
- Layer 1 Blockchain Infrastructure
- NAICS
- Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Securities and Commodity Exchanges (523210)
- SIC
- Services-Computer Integrated Systems Design (7373), Finance Services (6199)
- akta.pro primary industry
- Relayer/Validator Networks & Middleware (relayer marketplaces, keeper networks) (FSAPAKAG)
Keywords
Where MultiversX is headquartered
LocationHeadquarters
- HQ city
- Sibiu
- HQ country
- Romania
- HQ region
- Europe
Markets served
MultiversX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Network Transaction Fees: Users pay transaction fees for executing operations on the MultiversX network. Average cost per transaction is approximately $0.002, providing a low-cost infrastructure for decentralized applications.
- Developer Gas Fee Royalties: Developers receive 30% of the gas fee every time someone calls their smart contract, creating a revenue stream for the developer ecosystem.
- Staking and Validator Rewards: Network participants stake EGLD to secure the blockchain and earn staking rewards. Validators participate in consensus and receive economic incentives.
- Sovereign Chain Fees: Organizations launching Sovereign Chains pay fees for deploying and operating custom blockchain infrastructure on MultiversX.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Network Transaction Fee |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels10 records
MultiversX product offering
Product offeringCore offering
MultiversX operates a distributed blockchain network (formerly Elrond) for next-generation decentralized applications, leveraging Adaptive State Sharding across state, transactions, and network dimensions for horizontal scaling. The platform features a Secure Proof of Stake consensus mechanism, a WASM-based Virtual Machine for smart contract execution, and the native EGLD token with sub-second finality and transaction costs averaging ~$0.002.
Product overview
MultiversX is a distributed blockchain platform (formerly Elrond) operating as a unified platform-plus-modules architecture. The core MultiversX Platform provides blockchain infrastructure with sharding, Secure Proof of Stake consensus, and WASM-based smart contracts. The native EGLD Token (eGold) enables network access and staking. The ecosystem includes xExchange (DEX), xLaunchpad (token launches), xPortal (super app with wallet/payments), and xMoney stablecoins. Developer infrastructure comprises the Builders Hub, Sovereign Chains SDK, Elasticindexer Service, and Delegation Manager. Security features include On-chain 2FA and Multikey Nodes management. Acquired services include Merchant Yield (Utrust) for Web3 payments and Twispay IBAN/debit cards (Capital Financial Services).
Differentiator
Problem solved
Functional benefit
Products and services
- MultiversX Platform Distributed blockchain network for next-generation decentralized applications, decentralized via 3,200+ validator nodes, scalable through Adaptive State Sharding, capable of 263,000 TPS max throughput, with average transaction cost of ~$0.002.
- EGLD Token (eGold) Native cryptocurrency token of the MultiversX network, providing access to network services, securing the chain via staking, and enabling economic alignment for validators and users.
- xExchange Decentralized exchange (DEX) built on the MultiversX network for swapping EGLD and ecosystem tokens.
- xLaunchpad Token launch platform for new project launches and initial token distribution on MultiversX.
- xPortal Super App
Quantifiable outcome
- 263,000 transactions per second maximum throughput
- +6 more outcomes
Companies that use MultiversX
Customer profileSegments4 records
Ideal customer profiles4 records
MultiversX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature8 records
MultiversX partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- Google (Universal Commerce Protocol)coreMultiversX became the first blockchain to integrate Google's Universal Commerce Protocol (UCP), enabling AI agents from platforms like ChatGPT, Gemini, or Claude to execute blockchain transactions directly without human involvement.
- Coinbase (x402 Protocol)coreMultiversX integrated x402, a payment protocol originally incubated by Coinbase that embeds payments into standard web requests, allowing AI systems to access services and move money programmatically.
- Sui NetworkcorexMoney's stablecoins (EURXM, USDXM, RONXM) will launch initially on Sui Network before expanding to MultiversX and Ethereum, demonstrating cross-chain stablecoin integration.
- Capital Financial Services S.A. (Twispay)coreRomanian Electronic Money Institution acquired by Elrond Network to expand financial services. Enables IBAN accounts, linked debit cards, and e-money payments under EU licenses, pending Romania's National Bank approval.
- AWScoreAmazon Web Services provides additional cloud infrastructure options for MultiversX node deployment, complementing Google Cloud integration.
- Tencent CloudcoreTencent Cloud infrastructure support for MultiversX node deployment, particularly important for Asian market accessibility.
- LedgercoreHardware wallet integration allowing secure storage of EGLD and interaction with MultiversX dApps through Ledger devices.
- AxelarcoreCross-chain communication protocol enabling interoperability between MultiversX and other blockchain networks.
- xMoney (formerly Utrust)corexMoney, acquired by the Elrond Foundation in January 2022, provides payment gateway services integrating Web3 payments with traditional finance. The company is developing EURXM, USDXM, and RONXM stablecoins for global payments.
- xExchangecoreDecentralized exchange built on MultiversX for trading EGLD and ecosystem tokens.
- xLaunchpadcoreLaunchpad platform for token offerings and project launches on MultiversX.
- MEXCminorCryptocurrency exchange listing EGLD and providing trading access to users.
- HTXminorLeading cryptocurrency exchange providing EGLD trading and liquidity.
- CoinspotminorAustralian cryptocurrency exchange for buying, selling, and swapping EGLD.
- WazirXminorIndian cryptocurrency exchange and trading platform for EGLD.
- LBankminorGlobal crypto trading platform providing professional services for EGLD trading.
- ChangellyminorInstant cryptocurrency exchange service for trading EGLD and 500+ altcoins.
- Juno FinanceminorPayment service enabling rent, utility, and credit card bill payments using MultiversX accounts.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
MultiversX competitors and assessment
Company assessmentDirect peers
- Ethereum: The dominant smart-contract L1 blockchain. Directly comparable as a programmable settlement layer competing for the same developers, DeFi liquidity, and dApp deployments that MultiversX targets.
- Solana: High-throughput L1 blockchain optimized for low-cost, high-TPS applications. Competes head-to-head with MultiversX on transaction cost, throughput, and consumer dApp mindshare.
- Avalanche: L1 blockchain with subnet architecture that, like MultiversX's Sovereign Chains, enables custom app-specific chains. Directly comparable on sharding/subnet-based horizontal scaling.
- Near Protocol: Sharded L1 blockchain with a WASM-based smart contract runtime. Closely parallels MultiversX on sharding architecture, developer language support, and account-model design.
- Polkadot: Multi-chain network built around parachains and shared security. Directly comparable to MultiversX's Sovereign Chains model and validator economics.
- Cosmos: Ecosystem of interoperable app-chains connected via IBC. Like MultiversX, Cosmos pursues a chain-of-chains thesis, making it a direct architectural peer.
- Aptos: High-throughput L1 with Move-based smart contracts. Competes for the same high-performance dApp and DeFi workloads that MultiversX targets with its sharded architecture.
- Sui: High-throughput L1 with object-centric architecture. Directly comparable as a next-gen L1, and a recent infrastructure partner via the xMoney stablecoin launch on Sui.
Emerging players
- Internet Computer (DFINITY): Alternative L1 focused on hosting full-stack dApps on-chain. Competes for developer mindshare on internet-scale, fully on-chain application infrastructure.
Broad incumbents
- Polygon: Scaling-focused blockchain ecosystem (Polygon PoS, Polygon zkEVM, Polygon Miden). Competes with MultiversX on low-cost execution and Ethereum-aligned developer tooling.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
MultiversX social profiles
Digital presenceMultiversX financial estimates
Financial estimateRevenue estimate
Valuation estimate
MultiversX leadership team
Management profileNumber of profiles
Profiles4 records
MultiversX subsidiaries and ownership
Company hierarchySubsidiaries2 records
MultiversX funding detail
Funding detailFunding overview
Funding rounds2 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MultiversX M&A and investment
M&A and investmentM&A3 records
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MultiversX
What does MultiversX do?
MultiversX operates a distributed blockchain network (formerly Elrond) for next-generation decentralized applications, leveraging Adaptive State Sharding across state, transactions, and network dimensions for horizontal scaling. The platform features a Secure Proof of Stake consensus mechanism, a WASM-based Virtual Machine for smart contract execution, and the native EGLD token with sub-second finality and transaction costs averaging ~$0.002.
Is MultiversX a public or private company?
MultiversX is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was MultiversX founded?
MultiversX was founded in 2017. It employs 51 to 100 people.
Where is MultiversX based?
MultiversX is headquartered in Sibiu, Romania, in the Europe region.
How does MultiversX make money?
Four revenue lines are on record. Network Transaction Fees are the primary driver. The others are developer Gas Fee Royalties, staking and Validator Rewards and sovereign Chain Fees.
Who are MultiversX's main competitors?
Direct peers on record are Ethereum, Solana, Avalanche, Near Protocol, Polkadot, Cosmos, Aptos and Sui. Internet Computer (DFINITY) is listed as an emerging player. Polygon is listed as a broad incumbent.
Does MultiversX have an API?
Yes. The MultiversX API is a REST API that provides developers programmatic access to the blockchain network, including account management, transaction processing, smart contract interactions, and network statistics. The platform offers a WebSocket-based Elasticindexer service (available from rc/v1.6.0) that enables observer nodes to send messages for processing and indexing into Elasticsearch databases. Developer documentation is at docs.multiversx.com.
What industry is MultiversX in?
MultiversX's product category is Layer 1 Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAKAG, Relayer/Validator Networks & Middleware (relayer marketplaces, keeper networks). Its NAICS code is 54151 and its SIC code is 7373.