Elrond (EGLD) price has increased by 700% since Feb. 1 as new partnerships and protocol upgrades bolster investor confidence in the project. Elrond is a blockchain protocol designed to offer fast transaction speeds through the implementation of sharding for use with dapps, enterprise use cases and the new internet economy.
The most recent price surge followed the release of the Maiar wallet which offers a variety of user-focused features including the ability to make social payments through ‘herotags’. The upgrade also allows EGLD to stake their tokens to earn rewards.