MultiversX Leads DePin Market with New Initiatives and Global Expansion

• MultiversX leads DePin market with innovative programs and strategic expansions.
• MultiversX’s Building Blocks program supports early-stage growth by covering gas fees and enabling scalability.

DePin (Decentralized Physical Infrastructure Networks) assets have been making major progress in the constantly evolving realm of cryptocurrencies.

MultiversX is presently leading the pack in terms of top social and market activity, outperforming Helium, Akash Network, and others, according to the social intelligence company LunarCrush.

🧐DePin crypto assets have been top performers. Top assets with leading social and market activity today…

MultiversX $EGLD
Dynex $DNX
Akash Network $AKT
Helium $HNT
Helium Mobile $MOBILE
World Mobile Token $WMT
Arweave $AR
Ocean Protocol $OCEAN
Theta Network $THETA

View all… pic.twitter.com/f4orj3Xh4j

— LunarCrush Social Intelligence (@LunarCrush) July 2, 2024

Recent Developments: Quest Portal and Community Grant Program

MultiversX has been continuously launching new programs to help its expanding membership. Following the successful launch of the Quest Portal and the Community Grant Program, MultiversX is pleased to introduce the Building Blocks Grant Program, which will benefit builders and contributors.

The Building Blocks program, which receives direct support from the MultiversX Foundation, is aimed at empowering builders and projects by covering gas prices and allowing them to scale their blockchain footprint in the early stages of development.

This project is aimed at stimulating growth within the MultiversX ecosystem by assisting builders in growing their enterprises and promoting novel experiments that maximize the MultiversX infrastructure’s capabilities.

In addition to these activities, MultiversX is growing its worldwide presence by opening a new center in Seoul, South Korea. This strategic move is to capitalize on Korea’s high interest in technology, blockchain, and consumer applications, thereby strengthening MultiversX’s position in the worldwide market.

Market Performance: EGLD Price Surge

According to CoinMarketCap, the price of MultiversX’s native cryptocurrency, EGLD, is now around $32.38, up 8.39% in the last 24 hours. This price spike also reflects a positive tendency for the last seven days, with a total increase of 9.37%.

Previously, CNF reported MultiversX’s remarkable success in development activities, which surpassed Decentraland. According to Santiment, MultiversX had 236.93 significant GitHub events versus Decentraland’s 150.4. This significant disparity reinforces MultiversX’s status as a premier blockchain gaming platform.