MultiversX

Layer 1 Blockchain Infrastructuremultiversx.com

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

Blockchain infrastructure
Smart contract platform
Proof of stake network
Decentralized applications
Token issuance

Where MultiversX is headquartered

Location

Headquarters

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 offering

Core 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 profile

Segments4 records

Ideal customer profiles4 records

MultiversX technology and API

Technology

Technology 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 signal

Partnerships

18 partnerships are on record, tiered core and minor.

Google (Universal Commerce Protocol)coreTechnology or Integration · 2 February 2026MultiversX 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)coreTechnology or Integration · 2 February 2026MultiversX 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 NetworkcoreTechnology or Integration · 8 December 2025xMoney'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)coreStrategic or Co-development Partner · 12 October 2021Romanian 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.
AWScoreTechnology or IntegrationAmazon Web Services provides additional cloud infrastructure options for MultiversX node deployment, complementing Google Cloud integration.
Tencent CloudcoreTechnology or IntegrationTencent Cloud infrastructure support for MultiversX node deployment, particularly important for Asian market accessibility.
LedgercoreTechnology or IntegrationHardware wallet integration allowing secure storage of EGLD and interaction with MultiversX dApps through Ledger devices.
AxelarcoreTechnology or IntegrationCross-chain communication protocol enabling interoperability between MultiversX and other blockchain networks.
xMoney (formerly Utrust)coreStrategic or Co-development PartnerxMoney, 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.
xExchangecoreChannel Partner/ Reseller/ DistributorDecentralized exchange built on MultiversX for trading EGLD and ecosystem tokens.
xLaunchpadcoreChannel Partner/ Reseller/ DistributorLaunchpad platform for token offerings and project launches on MultiversX.
MEXCminorChannel Partner/ Reseller/ DistributorCryptocurrency exchange listing EGLD and providing trading access to users.
HTXminorChannel Partner/ Reseller/ DistributorLeading cryptocurrency exchange providing EGLD trading and liquidity.
CoinspotminorChannel Partner/ Reseller/ DistributorAustralian cryptocurrency exchange for buying, selling, and swapping EGLD.
WazirXminorChannel Partner/ Reseller/ DistributorIndian cryptocurrency exchange and trading platform for EGLD.
LBankminorChannel Partner/ Reseller/ DistributorGlobal crypto trading platform providing professional services for EGLD trading.
ChangellyminorChannel Partner/ Reseller/ DistributorInstant cryptocurrency exchange service for trading EGLD and 500+ altcoins.
Juno FinanceminorChannel Partner/ Reseller/ DistributorPayment 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 assessment

Direct 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 financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MultiversX leadership team

Management profile

Number of profiles

Profiles4 records

MultiversX subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

MultiversX funding detail

Funding detail

Funding 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 investment

M&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?

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.