PASS

MultiversX (prev. Elrond) (EGLD)

Sharded Romanian L1 that rebranded to MultiversX; narrative exhausted with no meaningful DeFi or developer traction

Ranked 212th of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
85/250
212th of 251
Percentile
15.9%
of the rated universe
Circulating
100%
0% of value still to vest
Off all-time high
-99.49%
196.1x to recover
MultiversXNative L1+2 since last pass
01

What the numbers say

EGLD scores 85 of 250 across the 25-variable framework, which places it 212th of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.

The score rests on Regulatory Safety 7/10, 17th of 251, Real Staking Yield 6/10, 17th of 251, Circulating / FDV Ratio 7/10, 46th of 251 and Holder Concentration 4/10, 58th of 251.

Against the same universe, EGLD sits in the bottom third on Social Mindshare 2/10, 230th of 251, Catalyst Calendar 2/10, 222nd of 251, Active Users 2/10, 220th of 251 and Smart Money Flows 2/10, 217th of 251. These are the variables that would have to move for the verdict to change.

100% of eventual supply is already circulating, so vesting is not a live risk for EGLD. Price has to be justified by demand rather than absorbed against a cliff.

EGLD trades 99.49% below its all-time high of $545.64. Recovering that level is a 196.1x move, not a 99.49% one, which is the arithmetic most drawdown charts hide.

$25.0M sits in the protocol. Each dollar of value locked carries 3.42 dollars of token market cap.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for EGLD, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
2166th of 251
Revenue Trend
2191st of 251
P/S Multiple
3182nd of 251
Real Staking Yield
617th of 251

Supply

Supply variables for EGLD, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
4146th of 251
Vesting Schedule
659th of 251
Circulating / FDV Ratio
746th of 251
Buyback and Burn
2114th of 251

Ownership

Ownership variables for EGLD, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
2217th of 251
Insider Selling
4151st of 251
Holder Concentration
458th of 251

Traction

Traction variables for EGLD, scored 1 to 10 and ranked against 251 tokens
TVL Trend
2189th of 251
Active Users
2220th of 251
Developer Activity
4158th of 251
Network Growth
2215th of 251

Position

Position variables for EGLD, scored 1 to 10 and ranked against 251 tokens
Market Share
2203rd of 251
Competitive Moat
3175th of 251
Institutional Adoption
2192nd of 251
Exchange Depth
4157th of 251
Social Mindshare
2230th of 251

Risk

Risk variables for EGLD, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
717th of 251
Catalyst Calendar
2222nd of 251
BTC Alpha Potential
2200th of 251
Team Execution
4147th of 251
Treasury Runway
574th of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

xExchange DEX and xFabric institutional suite could generate modest fee revenue

Principal risk

99%+ ATH drawdown, tiny TVL, network relies on local Romanian community, no global developer mindshare

04

Market and supply

Price$2.80
Market cap$85.5Mrank 284
All-time high$545.6423 Nov 2021
Circulating supply30,508,250
Eventual supply (total supply)30,508,250
Dilution to full supply1x
Total value locked$25.0M
Listed onBinance, KuCoin, Kraken

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

05

Tokens with a similar profile

These are the closest matches to EGLD measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

06

Sources

  • [CoinGecko] EGLD ATH $545 in Nov 2021; now 99.3% below peak
  • [DeFiLlama] MultiversX TVL ~$25M, primarily on xExchange DEX
  • [MultiversX Blog] MultiversX rebranded from Elrond in 2022 to target metaverse narrative, adoption remains niche
07

Common questions

What is the Early Thunder score for MultiversX (prev. Elrond) (EGLD)?
EGLD scores 85 out of 250 on the 25-variable framework, ranking 212th of 251 rated tokens (bottom quartile). The framework verdict is PASS.
What are EGLD's strongest fundamentals?
EGLD ranks highest on Regulatory Safety 7/10, 17th of 251, Real Staking Yield 6/10, 17th of 251, Circulating / FDV Ratio 7/10, 46th of 251 and Holder Concentration 4/10, 58th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
What are the weakest parts of the EGLD thesis?
EGLD scores in the bottom third of the universe on Social Mindshare 2/10, 230th of 251, Catalyst Calendar 2/10, 222nd of 251, Active Users 2/10, 220th of 251 and Smart Money Flows 2/10, 217th of 251. The single risk carried on the scorecard is: 99%+ ATH drawdown, tiny TVL, network relies on local Romanian community, no global developer mindshare
How much EGLD supply is still to enter circulation?
100% of eventual EGLD supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
How far is EGLD from its all-time high?
EGLD trades 99.49% below its all-time high of $545.64. Returning to that high requires a 196.1x move from the level used in this scoring pass.
Which tokens have a similar profile to EGLD?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to EGLD are KAVA (80), XTZ (88), ZIL (63) and BAND (73). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for EGLD?
xExchange DEX and xFabric institutional suite could generate modest fee revenue

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.