Deep Dive
1. Borrowing Without Selling (13 August 2025)
Overview:
MultiversX launched a native borrowing feature via its Maiar app, allowing EGLD holders to collateralize assets without selling. Integrated into XPortal and dApps, the tool aims to reduce forced liquidations and incentivize long-term holding. CEO Beniamin Mincu emphasized retaining “exposure to EGLD’s upside” while accessing liquidity, mirroring DeFi trends like Aave’s collateralized loans. Early data shows increased Total Value Locked (TVL), though macroeconomic risks linger.
What this means:
This is bullish for EGLD as it enhances utility and reduces sell pressure during market downturns. However, adoption depends on competitive interest rates and broader DeFi activity. (Kanalcoin)
2. Network Upgrades Complete (21 July 2025)
Overview:
Major exchanges like Bithumb and Upbit temporarily paused EGLD deposits/withdrawals in July to accommodate MultiversX’s network upgrade. The upgrade focused on scalability, security, and performance, with no disruptions to trading. Validators reported smoother cross-shard transactions post-upgrade, aligning with MultiversX’s 2025 roadmap.
What this means:
The seamless upgrade reinforces institutional confidence in MultiversX’s technical robustness. However, EGLD’s price remained flat post-resumption, suggesting muted short-term market reaction. (CoinMarketCap)
Overview:
MultiversX’s community openly criticized “pseudo-influencers” promoting memecoins, advocating instead for serious builders. This sentiment aligns with ecosystem grants for projects like Inspir3NFT (tokenized loyalty rewards) and AI Nexus (gaming infrastructure), signaling a pivot toward sustainable use cases.
What this means:
This neutral-to-bullish shift may attract institutional partners seeking mature blockchain ecosystems. However, reduced speculative activity could temporarily dampen retail trading volumes. (X (Twitter))
Conclusion
MultiversX is prioritizing utility (borrowing tools), infrastructure (upgrades), and ecosystem quality (community curation) to position EGLD beyond speculative cycles. While these efforts could drive organic adoption, the token’s 90-day price stagnation (-19%) highlights lingering market skepticism. Will upcoming partnerships or RWA integrations finally catalyze a breakout?