Binance Backs Enjin Coin Upgrade: Supporting ENJ’s Next-Generation Network | by Bobby okposin | The Capital | Feb, 2025
Binance just backed Enjin Coin’s (ENJ) network upgrade, scheduled for February 24, 2025, at block height of 9,098,986.
This move emphasizes Binance’s commitment to blockchain innovation. For crypto investors, it’s a clear signal to pay attention.
ENJ’s upgrade aims to deliver faster transactions and better scalability. Here’s what you need to know to make smart trading decisions.
Why Enjin Matters
Enjin Coin powers a blockchain built for gaming and NFTs. Launched in 2017 on Ethereum, it introduced the ERC-1155 token standard — a game-changer for digital assets. Now, ENJ runs on its own blockchain, launched in 2023.
The upgrade boosts it to over 5,000 transactions per second. Compare that to Ethereum’s 15–30 transactions per second. Binance will pause ENJ deposits and withdrawals on February 24 at 15:00 UTC, but trading stays open. Are you ready for the shift?
Crypto Experts see big potential here calling ENJ a top player in NFT infrastructure. That’s not wrong — partnerships with Microsoft and Atari prove it. The upgrade could make ENJ a go-to for play-to-earn games and the metaverse.
Think about it: could this spark a breakout in 2025?
Price Check: ENJ sits at $0.1166 today, with a $587 million market cap (February 20, 2025). It hit $0.57 in March 2024 — growth is possible.
Volume Surge: Daily trading volume recently jumped to $20 million. High volume often means momentum.
The Upgrade Boost: Faster transactions could draw more developers. More NFT minting means more ENJ demand.
Risk Factors: Watch competitors like Decentraland. Market dips could drag ENJ down too.
Track sentiment on X — users are buzzing about this upgrade. Are you seeing the same hype?
Buy now if you believe in gaming and NFTs long-term. Hold off if you’re wary of short-term volatility. Check ENJ’s volume post-upgrade — spikes could signal a breakout.
Binance’s support puts ENJ on solid ground. You’ve got the data — higher speed, real partnerships, and a growing market. The question is: will you act on it?
