Enjin Coin

Enjin Coin (ENJ) is the native token of the Enjin ecosystem, a blockchain platform built specifically to help game developers, businesses, and individual creators make, manage, and distribute non-fungible tokens (NFTs). The core problem it addresses is the difficulty of integrating blockchain-based digital assets into games and applications without deep technical knowledge. It targets game studios, independent developers, and the broader community of people who want verifiable ownership of in-game or digital items.

The Enjin Blockchain is a Substrate-based, Proof-of-Stake chain custom-built for NFTs, meaning validators stake tokens to confirm transactions rather than competing through computational work. ENJ functions as the backing value inside the system: NFTs created on the platform can have ENJ locked into them, giving the items a base layer of on-chain value that can be released by destroying the NFT. The project also co-created the ERC-1155 token standard on Ethereum, which allows a single smart contract to manage multiple token types simultaneously, and the ecosystem spans both that Ethereum heritage and the dedicated Enjin chain.

The data stored on this site does not include a fee revenue figure for Enjin Coin, so fee-based measures such as protocol income or fee yield cannot be calculated or displayed. What the data does show is that approximately 98.91% of tokens are already in circulation at this point in time, leaving a dilution overhang of roughly 1.11% of supply not yet issued. The ratio of fully diluted valuation to market capitalisation stands at 1.011054, reflecting that remaining unlocked supply. Because no fee stream is captured here, any fee-dependent analysis would be speculative rather than data-supported.