Binance will support the MultiversX (EGLD) network upgrade on March 25, 2025, aimed at improving platform scalability and functionality.
MultiversX Set to Enhance Scalability
The MultiversX network upgrade, scheduled for March 25, 2025, is aimed at enhancing blockchain scalability and functionality. Binance plans to back this important shift expected to boost performance and transaction capacity, optimizing the MultiversX ecosystem.
MultiversX Trading Volume Surge
CoinMarketCap data indicates MultiversX's current price at $18.62 with a market cap of $521 million. Its trading volume surged by 116.30% in the last 24 hours. Recently, the price increased over 2% in seven days. Experts predict potential technological advancements for EGLD post-upgrade.
Ethereum Experience and MultiversX Potential
Historically, blockchain networks upgrade to handle more transactions. Bitcoin and Ethereum have undergone similar enhancements for scalability, setting precedents for MultiversX upgrades. Expert analysis from Kanalcoin highlights similarities to past upgrades such as Ethereum's enhancements. EGLD’s upgrade could follow the pattern of increased adoption and technical sophistication.
The MultiversX network upgrade supported by Binance promises significant scalability improvements, potentially positively impacting blockchain adoption and integration.
