Enjin Coin (ENJ) is an ERC-20 token designed to support a decentralized platform for gaming products within the Enjin ecosystem. It enables the tokenization of in-game assets, giving them real-world value by backing each item with ENJ tokens. When digital assets are minted on the Enjin Platform, ENJ is locked inside these non-fungible tokens (NFTs), reducing the overall supply of the token. This process adds a reserve value, ensures scarcity, enhances transparency, and provides utility within games and applications, while also offering liquidity for players and developers.

Enjin Coin operates on the Ethereum blockchain, using smart contracts to facilitate secure transactions. Game developers can tokenize in-game items backed by ENJ on the Enjin Platform, which can be traded on the Enjin Marketplace or "melted" to reclaim their ENJ value. As more in-game assets are minted, more ENJ is removed from circulation, increasing scarcity. The melting function allows users to destroy their digital assets at any time to retrieve the ENJ tokens embedded within, providing flexibility and real-world value to virtual items.

Enjin Coin seeks to transform the gaming industry by enabling developers to tokenize in-game items with real-world value. These blockchain-based assets can be used across multiple games and platforms, offering liquidity and ownership to players. ENJ is also used to back the value of NFTs, which can represent gaming items, digital art, sports collectibles, and even physical assets. The Enjin ecosystem provides tools for minting, managing, and integrating these digital assets into games and applications, creating utility for both developers and players.

Enjin Coin was announced in July 2017 and launched on the Ethereum mainnet in June 2018. It is part of the broader Enjin ecosystem, which was founded in 2009 as a gaming community platform called Enjin Network, growing to over 20 million users. After a successful initial coin offering (ICO) in 2017, Enjin transitioned into blockchain development, offering tools for minting and managing blockchain assets. Witek Radomski, Enjin’s co-founder, wrote the code for one of the first-ever NFTs and co-authored the ERC-1155 standard, which allows for the creation of both fungible and non-fungible tokens within the same contract.

We update our Enjin Coin to USD currency in real-time. Get the live price of Enjin Coin on Coinbase.

The current market cap of Enjin Coin is $134.10M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Enjin Coin is $4.85. This all-time high is highest price paid for Enjin Coin since it was launched.

Over the last 24 hours, the trading volume of Enjin Coin is $12.50M.

Assets that have a similar market cap to Enjin Coin include Standard Tokenization Protocol, ssv.network, WOO Network, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Enjin Coin is 1.9 billion.

Enjin Coin ranks 64 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 96% of Coinbase users are buying Enjin Coin. In other words, 96% of Coinbase customers have increased their net position in Enjin Coin over the past 24 hours through trading.