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Wrapped EGLD
WEGLD

About Wrapped EGLD

WREGLD is a wrapped version of EGLD, the native token of the MultiversX blockchain. MultiversX is a blockchain platform designed to deliver extremely fast transaction speeds through sharding technology. It positions itself as a comprehensive ecosystem for the new internet era, encompassing fintech, decentralized finance (DeFi), and the Internet of Things (IoT). Its smart contract platform is claimed to handle up to 15,000 transactions per second, with a latency of six seconds and transaction fees as low as $0.001. The native token of the blockchain, eGold (EGLD), is used for paying network fees, staking, and rewarding validators.

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