Enjin Coin

Enjin Coin (ENJ) is the native token of the Enjin ecosystem, a blockchain platform built specifically for the gaming and digital-collectibles industry. It is designed to let game developers, studios, and independent creators mint, manage, and integrate non-fungible tokens and other digital assets into games and applications without needing deep blockchain expertise. The core problem it claims to address is the friction between traditional game development and blockchain-based item ownership.

Enjin operates its own Substrate-based, Proof-of-Stake blockchain purpose-built for NFT activity, meaning validators stake tokens to secure the network and confirm transactions rather than relying on energy-intensive mining. ENJ functions as the reserve currency of the ecosystem: it can be locked inside NFTs as a form of backing, and those tokens can in principle be melted back to recover the underlying ENJ. The project also has roots in the Ethereum ecosystem through its co-authorship of the ERC-1155 multi-token standard, though the dedicated Enjin Blockchain is now its primary settlement layer.

The data stored for this asset does not include a fee-revenue stream, so this site carries no fee-based measures such as protocol earnings or fee yields. What the data does show is a circulating supply of approximately 2,009,684,309 ENJ against a fully diluted valuation that is only 1.011 times the current market capitalisation, meaning the dilution overhang stands at roughly 1.1 percent of supply as of the point-in-time reading. The near-complete issuance — 98.9 percent of supply already in circulation — means future inflation from new token releases is currently very limited.