MultiversX | Crypto

In Q1 2025, MultiversX implemented the Andromeda Upgrade on testnet, introducing enhancements like instant transaction finality, 2x faster cross-shard execution, and minimal equivocation risk. MultiversX also launched Meta Transactions V3 launched on Jan. 27 for improved gas efficiency. Network usage declined, with daily transactions down 20% QoQ to 301,400 and active addresses decreasing 47% QoQ to 41,600. Market cap declined 51% QoQ to $451.4 million, corresponding with a 52% QoQ EGLD price decline to $16.08, reflecting broader market conditions. Staking metrics showed resilience, with 66% of eligible EGLD staked, up 18% QoQ, though fees fell 42% to $96,800. MultiversX’s liquid staking rate increased 40% QoQ to 14.0%. MultiversX advanced its strategic roadmap, emphasizing ecosystem growth and AI integration, with initiatives like the $1.5 million Growth Games grant program, the ElizaOS partnership for onchain AI agents, and the AI MegaWave Hackathon, alongside DeFi growth through Hatom’s USH stablecoin laun...