Comparison and Review: Avalanche (AVAX) vs MultiversX (EGLD)

Avalanche (AVAX)

• Symbol: AVAX
• Name: Avalanche
• Asset Platform ID:
• Categories: Smart Contract Platform, Layer 1 (L1), Avalanche Ecosystem
• Market Cap Rank: 19
• 30-Day Price Change Percentage: +19%

Avalanche is a high throughput smart contract blockchain platform. It utilizes a proof-of-stake consensus protocol for network security. The platform is known for its speed, low cost, and environmentally friendly nature. Since its mainnet launch in September 2020, Avalanche has seen significant growth. It has secured over 100+ individual projects, burned $1.4M+ worth of AVAX to reduce supply, has 950+ individual block-producing validators, and has attracted over 500k+ community members globally. Avalanche also hosts various decentralized finance (DeFi) applications such as Pangolin and TraderJoe.

MultiversX (EGLD)

• Symbol: EGLD
• Name: MultiversX (formerly Elrond)
• Asset Platform ID:
• Categories: Binance Launchpad, Layer 1 (L1), MultiversX Ecosystem, Protocol, Smart Contract Platform
• Market Cap Rank: 54
• 30-Day Price Change Percentage: -18.97%

MultiversX (formerly known as Elrond) is an ecosystem focused on the new internet. It offers a smart contracts execution platform with impressive capabilities, including 15,000 transactions per second, 5 seconds latency, and $0.001 transaction cost. The ecosystem is concentrated on fintech, decentralized finance (DeFi), and Internet of Things (IoT) applications. MultiversX's money and DeFi app called Maiar provides a user-friendly experience with blockchain technology, emphasizing security and a gamified approach to unlock additional features. The MultiversX ecosystem introduces the concept of eGold, its token representing a digital store of value, aiming to serve the next billion users.