Elrond (EGLD) price, chart, coin profile and news
Find the latest Elrond (EGLD) price, coin profile, news and history to get you started with Elrond trading and investing.
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What is Elrond?
Elrond (EGLD) is a unique blockchain protocol that has one main goal in mind – speed. According to Elrond documentation, the blockchain network is capable of executing 15,000 transactions per second (tps), which is a significant increase from Bitcoin’s 4.6 tps. This efficiency in smart-contract execution is intended to address the issue of scalability for decentralised applications built on top of the network. These speeds are achieved through a blockchain process called “sharding”. Sharding allows for the parallel processing of data using over 2,000 validator nodes. Elrond’s network works on a proof-of-stake consensus algorithm and initially operated on the Ethereum blockchain. However, it now boasts its own independent mainnet. EGLD is the native token of the Elrond network and is used for the management and security of the blockchain. Though originally minted as an ERC-20 (Ethereum-based) token, the tokens have now transitioned to the Elrond Mainnet. Holders of the coin can participate in securing the network either as a validator or delegator.
Elrond (EGLD) is the 36th largest cryptocurrency in the world by market cap, valued at $2,066,884,502. The current price of Elrond is $131.208, which is -0.267% lower than yesterday. Prices have ranged between $136.2064 and $124.6476 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 06:05 UTC.
Recent Elrond developments
January 2022: Elrond released its Maiar DeFi wallet, a Chrome extension that offers enhanced interaction with dApps hosted on the protocol.
Novemeber 2021: Elrond’s long-anticipated DEX Maiar was made live to the public. Users can stake, swap, buy and sell coins on the platform as well as participate in yield farming.
Elrond (EGLD) priceUse our graph to track the performance of (EGLD) over time.
Elrond at a glance
|Total EGLD supply||23,698,934|
|All time high||AUD$1100.2302|
|All time high date||November 23, 2021|
|Notable team members||Beniamin Mincu, Lucian Mincu, Lucian Todea|
|Token uses||Transaction fees, governance, rewards|
Elrond price performance over time
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Disclaimer: Cryptocurrencies, including Elrond, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of EGLD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Elrond or any other cryptocurrency discussed.
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