MultiverSX（EGLD）關鍵見解

MultiverSX（EGLD）是一個區塊鏈平台，專注於分佈式應用程序和企業用例的可擴展性，速度和安全性。

Key Insights

關鍵見解

MultiversX (EGLD) is a blockchain platform focused on delivering scalability, speed, and security for both distributed applications and enterprise use cases. Founded in 2018 as Elrond, the company later rebranded to MultiversX in November 2022. The network is powered by three core technologies: Adaptive State Sharding, which enables parallel processing across multiple shards or chains; Secure Proof-of-Stake (SPoS), which prioritizes economic security and minimizes slashing risk; and a WebAssembly (WASM)-based virtual machine that provides broad programming language compatibility. Together, these technologies enable MultiversX to achieve throughput of up to 30,000 transactions per second with 6-second latency. EGLD, the network's native token, is used for paying transaction fees, staking to secure the network, and participating in on-chain governance. The ecosystem supports applications across various domains, including Decentralized Finance (DeFi), gaming, Non-Fungible Tokens (NFTs), and payments.

MultiverSX（EGLD）是一個區塊鏈平台，專注於為分佈式應用程序和企業用例提供可擴展性，速度和安全性。該公司於2018年成立於2018年，後來於2022年11月重新命名為MultiverSX。該網絡由三種核心技術提供動力：自適應狀態碎片，可以在多個碎片或鏈條上進行並行處理；確保驗證證明（SPO），該證明優先考慮經濟安全並最大程度地減少削減風險；以及基於WebAssembly（WASM）的虛擬機，可提供廣泛的編程語言兼容性。這些技術共同使MultiverSX能夠以6秒的延遲達到每秒30,000次交易的吞吐量。網絡的本地令牌EGLD用於支付交易費用，積累以確保網絡並參與鏈上治理。該生態系統支持各個領域的應用程序，包括分散的金融（DEFI），遊戲，無牙代幣（NFTS）和付款。

The MultiversX ecosystem includes the blockchain mainnet, launched in July 2020; xPortal, a user-friendly wallet and dApp browser; xExchange, a decentralized exchange; and xMoney, a fiat gateway facilitating seamless fiat deposits and withdrawals. To expand its reach and capabilities, MultiversX has also established technical partnerships with Coinbase for fiat integration into the network, as well as with leading cloud providers like AWS, Google Cloud, and Alibaba Cloud.

MultiverSX生態系統包括於2020年7月推出的區塊鍊主網； Xportal，用戶友好的錢包和DAPP瀏覽器； Xexchange，一個分散的交換； Xmoney，一個菲亞特門戶，促進了無縫的菲亞特沉積物和提款。為了擴大其影響力和能力，MultiverSX還與Coinbase建立了技術合作夥伴關係，將FIAT集成到網絡中，以及與AWS，Google Cloud和Alibaba Cloud等領先的雲提供商。

Key Metrics

關鍵指標

Financial Analysis

財務分析

The circulating supply of EGLD increased slightly by 1% quarter-over-quarter (QoQ) to 28.2 million, while the total token supply had 94% unlocked at Q1 close. On the other hand, annualized inflation decreased by 1% QoQ to 4.5%. On MultiversX, the sum of the transaction fees paid lessens the amount of EGLD inflation, meaning fewer tokens are minted. As a result, Q1's transaction fees of approximately $96,800 were used to offset around 4,000 EGLD from being minted.

EGLD的循環供應略微增加了1％的四分之一季度（QOQ），達到2820萬，而代幣的總供應在第1季度關閉時解鎖了94％。另一方面，年度通貨膨脹量減少了1％QOQ至4.5％。在MultiverSX上，交易費用的總和減少了EGLD通貨膨脹的數量，這意味著鑄造的代幣更少。結果，Q1的交易費用約為96,800美元，以抵消約4,000個EGLD的鑄造。

The annualized real staking yield (staking APR minus inflation) increased significantly by 19% to 2.8% in Q1, considering an APR of 7.3% and annualized inflation of 4.5%. By the end of Q1, 66% of all eligible EGLD was being staked, showcasing an increase of 18% from Q4. This high level of participation in staking demonstrates the community's engagement in securing the network and earning rewards.

考慮到第1季度的年度實際存放收益率（Staking APR減去通貨膨脹）顯著增加19％至2.8％，考慮到APR為7.3％，年增長率為4.5％。到第1季度結束時，所有合格的EGLD中有66％被粘貼了，顯示出比第四季度增長18％。這種高水平的參與分支表明了社區在獲得網絡和賺取獎勵方面的參與。

In Q1, the price of EGLD declined sharply by 52% to $16.08, leading to a decrease in MultiversX's market cap by 51% to $451.4 million, and its market cap rank slipped from 103 to 107. For comparison, the market cap of all Layer-1s decreased by 18% this quarter.

在第1季度，EGLD的價格急劇下跌52％，至16.08美元，從而導致Multiversx的市值下降了51％，至4.514億美元，其市值從103下降到103。

On MultiversX, users pay gas and priority "tip" fees for their transactions, which sum up to total network fees. These fees decreased by 42% to $96,800, while in EGLD terms, they rose by 14% to 4,000 EGLD due to the token price depreciation.

在MultiverSX上，用戶為其交易支付汽油和優先級“提示”費用，總計總費用。這些費用減少了42％，至96,800美元，而按EGLD表示，由於令牌價格折舊，它們上升了14％，至4,000 egld。

A unique aspect of the MultiversX ecosystem is that developers receive a 30% discount on gas fees when someone calls their smart contract. These "developer rewards" decreased by 34% to $11,300 and 3% to 478 in EGLD.

MultiverSX生態系統的一個獨特方面是，當有人稱其智能合約時，開發人員的汽油費折扣30％。這些“開發人員的獎勵”在EGLD中降至11,300美元，3％至478美元。

Network Analysis

網絡分析

Usage

用法

In Q1, the average daily transactions decreased by 20% to 301,400, while the average daily active addresses declined more sharply by 47% to 41,600. Last quarter, transactions and active addresses saw a spike on December 12 with the listing of AI Nexus's $A1X token, which is an AI-focused gaming and metaverse application launched through xLaunchpad, MultiversX's ecosystem accelerator.

在第1季度，每日平均交易減少了20％，至301,400，而平均每日活動地址急劇下降了47％，至41,600。上個季度，交易和主動地址在12月12日飆升，並列出了AI Nexus的$ A1X令牌，這是通過MultiverSX的生態系統加速器Xlaunchpad啟動的以AI為重點的遊戲和元應用程序。

The eStandard Digital Token (ESDT) is MultiversX's native token standard that enables fast and cost-efficient transactions without relying on smart contracts. It provides support for fungible, semi-fungible, and non-fungible tokens at the protocol level and leverages sharding to execute transactions in parallel, quickly delivering value to users by directly storing balances in their accounts. In Q1, users created 611 new tokens, a 29% decrease from the previous quarter. Of these, 20 were Meta ESDTs, which are tokens similar to standard fungible ESDTs but have additional customizable properties, such as built-in release schedules or time-

Estandard Digital代幣（ESDT）是MultiverSX的本地令牌標準，可實現快速且具有成本效益的交易而無需依賴智能合約。它為在協議級別上提供了可及格，半碰到和無殺傷的代幣的支持，並利用碎片並行執行交易，並通過將餘額直接存儲在其帳戶中，從而快速地為用戶提供價值。在第一季度，用戶創建了611個新令牌，比上一季度下降了29％。其中，有20個是元ESDT，它們類似於標準可函數ESDT，但具有其他可自定義的屬性，例如內置釋放時間表或時間 -