Enjin Schedules Two Chain Upgrades Pending Governance Votes
- —Relaychain upgrade targets block #18,059,100 and Matrixchain #12,331,000, both around 16:00 UTC
- —Governance proposal deposits will rise from 0.025 ENJ to 1,000 ENJ per track
- —Matrixchain adopts OpenGov with 15 tracks and conviction voting; GRANDPA authority limit rises from 32 to 100
- —ENJ trades near $0.033 with a $66M market cap, down 99% from its 2021 peak of $4.82
Why it matters: The upgrades would expand ENJ's governance and cross-chain utility, but deployment hinges on referenda and does not guarantee higher token demand.
Source: Cryptonews.com