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 addresses the problem that in-game items and virtual goods are typically owned and controlled by a single company, leaving players with no verifiable or transferable claim to what they earn or purchase. Enjin aims to give developers, businesses, and individual players a way to create, manage, and trade blockchain-based game assets — primarily NFTs — across applications and games.

The Enjin Blockchain is a Substrate-based, Proof-of-Stake chain purpose-built for NFT activity, with a recorded block time of essentially zero minutes in the stored data, which likely reflects near-instant finality rather than a literal absence of blocks. ENJ functions as the backing value inside the system: NFTs minted on the platform are collateralized by ENJ, meaning the token is locked into a created asset and can in principle be recovered by melting that asset back down. Enjin also pioneered the ERC-1155 multi-token standard on Ethereum, so parts of the ecosystem operate across both its own chain and the broader Ethereum environment.

The data stored for Enjin Coin does not include a fee revenue figure, so no fee-based measures — such as protocol earnings or fee yield — are available on this page. What is recorded is that roughly 98.91 percent of the circulating supply has already been issued at this point in time, with only about 1.11 percent of supply still pending release, meaning dilution from future issuance is minimal. Because no maximum supply is recorded, the long-run supply ceiling is not defined by the stored data. The ratio of fully diluted value to market cap stands at 1.01, consistent with the near-fully-issued supply figure.