Growth of EGLD

Elrond Growth

By CryptoCata | multiversX | 9 Feb 2021


Elrond team posts recently a new website where we can see lots of useful statistics about this ecosystem (link). More then 50% of the current circulating supply is staked, which means that people trust this project.

egld stats

I don't know if you know but, after you create an elrond wallet directly on their website (elrond wallet), you can delegate the EGLD you have in order to receive an APY (annual percentage yield) of ~6% (you need a minimum of 10 EGLD) that is distributed weekly in your wallet. You can also become a validator in order to receive a higher APY, but to get started you need at least 2,500 EGLD.

User adoption has a really nice graph, is one week it increased by 7.58%, definitely the release of Maiar phone app contributes to this, as is it much more easier for mass adoption. You can register using your phone number and you can start using it. It has a gamified interface where you can level up and it's really catchy. If you are curious you can download it here: Maiar app

The current Elrond network process around 134,234 transactions per day, and has a total transactions of 2,476,034.

We also can see what are the Exchanges supply for EGLD, it seems that Binance has most of it, take a look here:

exchanges supply

 

Social media is also important for mass adoption and we can see also some stats regarding this too:
     - Twitter has an average of 20,000 mentions in the last 7 days
     - Google about 78,000 impressions

social channels

If you would ask me, I think most of this social media tweets and traffic is organic.


Hope you enjoy the reading and find out some interesting things, let me know in the comments if you like Elrond project and what are your opinions about it.

Have a nice day,
CryptoCata

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CryptoCata
CryptoCata

Newly to crypto and very enthusiast to find out more!


multiversX
multiversX

MultiversX (previously Elrond Network) it's a blockchain that uses a sharding architecture in order to process 15,000 TPS (transactions per second) and can scale even further to 263,000 TPS with their own mainnet. This is something impressive, as for example VISA is currently processing around 1,700 TPS. It seems this project has some potential so let's discover them together.

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