Enjin Coin

enj Rank #419

Explorers:

Market Data

Enjin Coin Price

$0.03

Enjin Coin 24h Change

+0.81%

Enjin Coin 7d Change

-7.37%

Enjin Coin Market Cap

$49.83M

Enjin Coin 24h Volume

$2.82M

Enjin Coin FDV

$50.38M

Enjin Coin Circulating Supply

1,988,153,616

Enjin Coin All-Time High

$4.82

About Enjin Coin

Enjin Coin (ENJ) is the native governance and utility token of the Enjin Blockchain, a Substrate-based Proof-of-Stake network specifically optimized for NFTs and gaming. Originally launched as an ERC-20 token on Ethereum, ENJ migrated to its own purpose-built blockchain in 2023. The token serves several critical functions: it is used to pay transaction fees, secure the network through staking in a Nominated Proof-of-Stake (NPoS) consensus mechanism, and participate in ecosystem governance. A unique feature of ENJ is its use in minting digital assets; developers can embed ENJ within NFTs to provide them with a provable, on-chain reserve value, which can be recovered by "melting" the asset. ENJ underpins a comprehensive suite of products including the Enjin Wallet, the NFT.io marketplace, and various developer SDKs designed to integrate blockchain assets into games and applications.