Enjin Coin
ENJ Rank #397Price chart
What is Enjin Coin?
Platform and network
Enjin Coin was developed as a utility asset for tokenized digital items. Enjin co-founder Witek Radomski helped develop the project's blockchain technology. The current network embeds NFT functions directly in its protocol. Its architecture separates the Enjin Relaychain from application-focused Matrixchains. The Relaychain coordinates security and validator participation. Matrixchains handle specialized asset functionality using the Substrate framework.
Security and issuance
Enjin Relaychain uses Nominated Proof of Stake. Holders can join nomination pools that support selected validators. Each pool issues its own sENJ receipt token representing a participant's share. Rewards accrue in approximately 24-hour eras. The current staking documentation specifies annual issuance of 5%, distributed to network participants. ENJ consequently has continuing issuance rather than the former ERC-20 token's fixed supply model. Leaving a nomination pool requires an unbonding period of 28 eras.
Digital asset utility
Creators can infuse ENJ into NFTs and other tokens on Enjin Blockchain. Infusion locks a specified amount of ENJ inside the digital asset. That amount can be recovered through melting, which destroys the asset. The mechanism gives the item backing denominated in ENJ without fixing its fiat value. Platform APIs, SDKs and Enjin Wallet provide interfaces for issuing, managing and transferring these assets.
Where to trade ENJ
58 exchanges · top 10
Live spot quotes from connected exchanges
ENJ funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.