Two Enjin Chain Upgrades Await Governance Approval: Will They Pass?

How Will the Fort Canning Rollout Work for Enjin?

The changelog places the Relaychain upgrade at block #18,059,100 and gives the Matrixchain a target of block #12,331,000. Both are scheduled for approximately 16:00 UTC. Enjin describes the times as estimates based on current block times; the Matrixchain block is a target, while the Relaychain block is fixed by its referendum.

According to the entry, the Canary networks were upgraded on September 28 for the Relaychain and September 29 for the Matrixchain.

Those test deployments show staged preparation, not proof that either mainnet upgrade has taken place. The changelog explicitly makes both deployments contingent on their governance referenda passing.

That distinction matters for traders assessing an upgrade narrative. Fort Canning is a planned protocol change with a published technical scope, not a completed catalyst with measured effects on network activity or $ENJ demand.

Governance and Cross-Chain Changes Could Broaden $ENJ Utility

Fort Canning significantly increases the cost of submitting governance proposals, with deposits rising from 0.025 $ENJ to 1,000 $ENJ per track and introducing minimum support floors measured against the total issuance of 2.02 billion $ENJ, including Matrixchain, which held $ENJ.

The Matrixchain will adopt OpenGov, featuring 15 referendum tracks and conviction voting that increases vote weight through longer $ENJ locking. Enjin Fellowship members can fast-track time-sensitive proposals. These changes give $ENJ a governance role, though higher deposits may hinder some proposals.

On network security, validators can be slashed for losing parachain disputes, and the GRANDPA authority limit will rise from 32 to 100 to accommodate an expanded validator set. The impact on security and performance is not quantified.

For cross-chain functionality, new XCM APIs will allow wallets to simulate calls and quote costs before submission. Teleport will still handle $ENJ transfers between the Relaychain and Matrixchain. Improved cost visibility may help integrators, but doesn’t guarantee increased cross-chain transactions.

Ultimately, while the upgrade introduces governance and cross-chain functionality for $ENJ, it doesn’t inherently prove higher demand or usage; marketplace features remain the best measure of utility.

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Marketplace Features: The Clearest Test of User-Facing Utility

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The changelog outlines updates for the marketplace and multi-token systems on both the Relaychain and Matrixchain. On the Relaychain, sENJ and the Degens collection are supported, while auction bids in $ENJ will go into escrow after placement; previous bids will settle under existing terms.

Matrixchain changes enhance listing flexibility, allowing sellers to complete sales in one transaction if the offer meets the asking price. Offers can also be partially accepted, and expired listings will now settle on-chain every block instead of relying on off-chain processes.

Token lending introduces fixed-term NFT loans that automatically return tokens at expiration. Borrowers can use tokens but cannot transfer, burn, or list them elsewhere. Pre-upgrade tokens are non-lendable unless their collection owner allows it, and are intended for rental and trial use rather than collateralized lending.

While these updates may improve usability, they come with trade-offs: Matrixchain bids cost more due to escrow, and Relaychain lending is limited to post-upgrade tokens. The changelog does not provide adoption metrics for these features, leaving actual marketplace activity as the key measure of their utility. The changelog includes no post-deployment metrics.

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