MultiverSX（EGLD）关键见解

MultiverSX（EGLD）是一个区块链平台，专注于分布式应用程序和企业用例的可扩展性，速度和安全性。

Key Insights

关键见解

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）是一个区块链平台，专注于为分布式应用程序和企业用例提供可扩展性，速度和安全性。该公司于2018年成立于2018年，后来于2022年11月重新命名为MultiverSX。该网络由三种核心技术提供动力：自适应状态碎片，可以在多个碎片或链条上进行并行处理；确保验证证明（SPO），该证明优先考虑经济安全并最大程度地减少削减风险；以及基于WebAssembly（WASM）的虚拟机，可提供广泛的编程语言兼容性。这些技术共同使MultiverSX能够以6秒的延迟达到每秒30,000次交易的吞吐量。网络的本地令牌EGLD用于支付交易费用，积累以确保网络并参与链上治理。生态系统支持各个领域的应用程序，包括分散的金融（DEFI），游戏，无牙代币（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生态系统包括于2020年7月推出的区块链主网； Xportal，用户友好的钱包和DAPP浏览器； Xexchange，一个分散的交换； Xmoney，一个菲亚特门户，促进了无缝的菲亚特沉积物和提款。为了扩大其影响力和能力，MultiverSX还与Coinbase建立了技术合作伙伴关系，将FIAT集成到网络中，以及与AWS，Google Cloud和Alibaba Cloud等领先的云提供商。

Key Metrics

关键指标

Financial Analysis

财务分析

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的循环供应略微增加了1％的四分之一季度（QOQ），达到2820万，而代币的总供应在第1季度关闭时解锁了94％。另一方面，年度通货膨胀量减少了1％QOQ至4.5％。在MultiverSX上，交易费用的总和减少了EGLD通货膨胀的数量，这意味着铸造的代币更少。结果，Q1的交易费用约为96,800美元，以抵消约4,000个EGLD的铸造。

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.

考虑到第1季度的年度实际存放收益率（Staking APR减去通货膨胀）显着增加19％至2.8％，考虑到APR为7.3％，年增长率为4.5％。到第1季度结束时，所有合格的EGLD中有66％被粘贴了，显示出比第四季度增长18％。这种高水平的参与分支表明了社区在获得网络和赚取奖励方面的参与。

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的价格急剧下跌52％，至16.08美元，从而导致Multiversx的市值下降了51％，至4.514亿美元，其市值从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，用户为其交易支付汽油和优先级“提示”费用，总计总费用。这些费用减少了42％，至96,800美元，而按EGLD表示，由于令牌价格折旧，它们上升了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生态系统的一个独特方面是，当有人称其智能合约时，开发人员的汽油费折扣30％。这些“开发人员的奖励”在EGLD中降至11,300美元，3％至478美元。

Network Analysis

网络分析

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，每日平均交易减少了20％，至301,400，而平均每日活动地址急剧下降了47％，至41,600。上个季度，交易和主动地址在12月12日飙升，并列出了AI Nexus的$ A1X令牌，这是通过MultiverSX的生态系统加速器Xlaunchpad启动的以AI为重点的游戏和元应用程序。

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代币（ESDT）是MultiverSX的本地令牌标准，可实现快速且具有成本效益的交易而无需依赖智能合约。它为在协议级别上提供了可及格，半碰到和无杀伤的代币的支持，并利用碎片并行执行交易，并通过将余额直接存储在其帐户中，从而快速地为用户提供价值。在第一季度，用户创建了611个新令牌，比上一季度下降了29％。其中，有20个是元ESDT，它们类似于标准可函数ESDT，但具有其他可自定义的属性，例如内置释放时间表或时间 -