We are seeing continued cost optimization across Web3, including among staking providers, institutional operators, and networks themselves, this, as mentioned recently, is a normal and healthy practice.
As institutional participation in staking matures, capital remains onchain while being consolidated across fewer providers to improve operational efficiency and margin structure.
This is a broader industry trend and reflects business optimization.
Importantly, delegations associated with institutional clients are being reallocated within the ecosystem, not exiting the network.
No selling pressure is implied by these movements.
This type of redistribution is a natural outcome in permissionless systems and contributes to a more competitive and efficient validator landscape.
At the same time, MultiversX is one of the very few networks that offers anyone the ability to participate in network validation using consumer-grade hardware costing less than $50 per month to maintain, even with the upcoming Supernova upgrade, which delivers sub-second finality on a fully sharded architecture.
Efficiency means progress.
Supernova reimagines what a blockchain is.
Not through a new explanation. But as a raw experience to be simply felt.
You tap, and boom, the system works. Instantenously.
A first glimpse of raw performance.
https://t.co/5wapNEpXHf 🎄
Supernova creates a fiber network for finance.
I've mentioned the other day that it really feels like Supernova is a technological marvel.
With it, users, builders and investors, get a user experience that feels from the future. It’s instantaneous, seamless, almost unreal.
Beneath the surface lies extraordinary complexity. Hard problems, solved in completely new and ingenous ways. Yet at the interface level, everything simply works. And when something works with such speed, it leaves you surprised and wondering.
Not necessarily how it works. But rather, what else has become possible? What else can I build that I couldn’t before ?
This marks a fork in the road, that takes us on a new path.
A break through, if you will. A turning point, reviving the dream we once started with, and this time, making it very palpable and very real.
A fiber network for value. Open, global, instant.
Accessible to anyone, anywhere.
Built for humans, ready for machines.
This is Supernova.
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Overall progress update:
█████████░ 96%
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USH mint used to be free, but for the coming month you get paid to borrow!
New USH incentives are live and accumulating, offering 10% APR until January 12.
These will be allocated for loans collateralized with EGLD in the isolated pool, paid on the average USH amount borrowed over one month.
To keep incentives fair and compelling for minters, redemptions won't be factored in → mint 100 USH, but if 10 get redeemed before month-end, you still earn 10% APR on the full minted amount.
Only user-initiated repaid loans will count toward the average borrowed amount.
Rewards will be distributed at the end of the period in HTM, settled at the distribution day price.
Negative USH rates, perfect for accumulating HTM in your booster and offering your friends a free round on New Year's Eve without selling your EGLD🥂
Artificial Intelligence is progressively eating every layer of software. Compressing time, compounding productivity, and automating decision-making at an unprecedented rate.
Thus, a deeper question emerges: where do blockchains and crypto truly belong?
For the past three years, my core working hypothesis has been that blockchain will serve as the world’s truth machine.
A deterministic, verifiable, programmable substrate for digital reality itself. An uncensorable messaging protocol that will serve agentic communication, coordination, and economies, at global scale.
With Supernova, this reality is fully within reach.
For the first time, with Supernova we have instantaneous finality, coupled with global bandwidth converging in a single network.
The connective tissue between Supernova, the application layer, and agentic functions is opening a completely new set of opportunities, and material benefits for users and builders.
Build wars is the arena where we shape this reality. Where ideas come to life. Prototypes are built with speed. And products show a glimpse of what’s to come.
Build wars are on.
Meet EURXM, USDXM, and RONXM 🙌
Three new stablecoins designed for real payments.
We’ve just hit another milestone for our vision and published the whitepapers for these new MiCA-regulated stablecoins launching in June 2026 🧵
Stablecoins make for one of the most lucrative and widely adopted crypto use cases around the world today, with volumes in the trillions of USD.
So today marks an inflection point for xMoney, presenting EURXM, USDXM, and RONXM, three stablecoins, designed for real payments.
MiCA-compliant, 1:1 fiat backing, with near-instant settlement speeds, low-fee transfers, and direct integration into xMoney payments and card flows.
A stablecoin is just money that moves like the internet. Lightning fast. Borderless. At a trivial cost. Money that connects businesses and users, in a better way.
This is an important step forward for xMoney, with the first integrations coming to MultiversX and Sui.
The first milestone of the new economics model has now been fully shipped, and is going to be activated on the 2nd December.
After one month of public dialogue, an open governance phase with an overwhelmingly positive vote, the team has taken the time to implement and fully test the first economics module - staking v5
The mainnet release has now been announced publicly on Monday, with the activation to be done on 2nd of December.
This an important ralying milestone for the network.
But why does this matter, and for whom?
First, this is a direct call to activation for users and investors. The staking rewards for securing and investing in the network have nearly doubled. All things being equal, this is a great moment to take a stake in the network, and become an active participant.
Second, this is a direct call to participation for validators. The new competitive staking rewards, mean that validators can renew their offering for users they are serving all over the world. Competitive rewards, enables users to be served much better.
Third, this is a prep for builders. With the new rewards, there are two buckets being soon enabled. A first one for simple staking rewards, and a second one for new DEFI yield strategies. Thinking about how those can be used effectively, and how they can be employed to serve the network and users better, is a good starting point.
The work on the first economics module is now done, and the release is in full motion.
A great effort put in by the team, while working heavily on Supernova stabilization.
Users, investors, validators and builders get a fresh incentive to deploy capital.
For people that see the value of the network, this is a good moment to engage, fructify the opportunity, and become an active part of the economy.
Supernova is coming!
A new level of speed, scalability, decentralization.
Powered by strong economic firepower.
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Just finished a conversation with Adi and the team.
1. Supernova - making great progress. On track to have almost full components set this evening/Monday, and begin the full stabilization phase next week. The week will be intense. Very curious how stabilization will look at the end of week (full stabilization will take a few weeks, being the most critical phase before mainnet). Either way, great checkpoint to align all following steps around.
2. Economics - making great progress as well. Code fully done, thorough testing happening as we speak. If the testing phase goes well, we are on track for a testnet release next week, and for the new economics upgrade to go out with a full mainnet release announcement end of next week.
3. Battle of nodes - as we near the point of internal stabilization, next week we'll begin the battle of nodes registrations. This will be a critical discovery and stress-testing phase for the network. Beyond that, Supernova awaits.
We are nearing the finish line.
A few very intense and productive weeks ahead.
Channeling the energy. Firing it up when it matters most.
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Overall progress update:
█████████░ 94%
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A new dawn rises.
Battle of nodes.
Users. Builders. Validators.
100.000 USD in EGLD prizes.
A quest to push Supernova to the limits.
And bring it to the finish line.
18 November, it begins.
A great and valuable step has been achieved, by a real community.
Very few truly grasp the weight and importance of governance when it’s done right. Because governance, at its core, is simply alignment. It’s the mechanism through which collective will takes shape, and action comes alive.
Governance is not a word for the loud or idle. It’s not for those who cling to empty slogans, seeking attention without contribution, or beg for influence without responsibility. Governance is for people who care. For people with skin in the game. For people with a shared goal they want to bring to life. It’s the stage where ideas are proposed, explored, challenged, and ultimately forged into decisive, shared action.
These last few days have revealed something quiet and profound. The firm strength of our collective will, and character. Collective will, made visible through an overwhelming presence and participation. Sternness of character, through the firm filtering of those misaligned voices who wish to derail progress, because they cannot deal with the imperfect but necessary realities of building something in the real world.
But, at this very moment, participation stands at 38.9%, with a resounding >95% “Yes” vote. A remarkable feat for the community and a strong validation of change.
Thank you. For showing up. For engaging. For using your voice. For cutting through the noise, and focusing on what truly matters. For taking the time to vote.
Step after step, these efforts add up.
Actions are what moves us forward.
And actions are what we’re doubling down on.
Supernova, a new Genesis chapter.
With competitive economics.
Ours to write, and forge.
Another big step forward.
@HatomProtocol new Liquid Staking protocol is now open-sourced, transparent, audited, and available to everyone.
Alongside it comes a major upgrade to the staking layer itself.
From Transaction-Based to Epoch-Based, a smarter, fairer delegation system.
Delegations are now aggregated every epoch, unlocking micro-staking, instant unstake, and a new scoring model that boosts smaller, efficient validators.
More fairness. More liquidity. More decentralization.
Every step compounds - and the open financial stack on MultiversX grows stronger.
Congrats addressing the needs of the ecosystem.
Since the beginning, we’ve approached Liquid Staking not as a product, but as a foundational DeFi primitive.
One designed to empower users, support validators, and fuel the broader @MultiversX ecosystem.
Today, that foundation gets stronger. 👇
A good read.
Once again, it’s proven there’s no such thing as 100% decentralization, we’re always dependent on APIs (RPCs, Oracles, etc) which in 99% of cases rely on classic web2 infra.
If you control the oracles, you control the prices and the market.
If you control the RPCs, you control the infrastructure.
The truth is that the team has been pulling double shifts these last few weeks.
It has been intense and max pain balancing progress on both fronts: the SUPERNOVA codebase, and a marathon of deep, complex discussions around the new economic model.
Every day has been a mix of building, debating, refining, and integrating real-time feedback to make the initial proposal stronger and more coherent.
It hasn’t been easy, but it’s worth every bit of effort.
Because transparent dialogue, honest explanations, and open feedback are what forge real alignment. They’re what make community governance meaningful.
Our immediate goal is twofold:
(a) By the end of this week, complete the first full round of conversations and hearings across all chapters of the proposal.
(b) By Monday / Tuesday, publish the updated version, enriched with the insights, feedback, and contributions gathered from the community.
Thank you all for the time, energy, and thought you’re putting into this process. Your support matters a lot! 👊🫡