Enjin's Two-Upgrade Relay Race Hits Governance Starting Line: Will ENJ Finally Sprint? 🏃

Enjin has lined up two protocol upgrades pending governance approval, with the official Enjin Blockchain changelog dated October 5, 2026 scheduling the Fort Canning Relaychain runtime 1.8.0 for November 9, 2026, and the Matrixchain runtime 1.4.1 for November 16. The Enjin Relaychain upgrade is targeted at block #18,059,100, while the Matrixchain upgrade is set for block #12,331,000, each timed for approximately 16:00 UTC. Enjin has labeled the Matrixchain time as a target based on current block times, while the Relaychain block is fixed by its referendum. The Canary networks were already upgraded on September 28 for the Relaychain and September 29 for the Matrixchain.

The native token of the network, $ENJ, traded at $0.033, down 1% on the day at the time of writing, though it remained up 14% on the week. $ENJ carries a market capitalization of $66 million and sits 99% below its all-time high of $4.82 set in 2021. The token is listed as ENJ on major tracking platforms, with technical commentary circulating on social media about short-term price structure.

A widely shared post from Finora AI (@Finora_EN) on October 5, 2026 noted that the 1-hour structure is bearish, with bias for further downside while price stays below 0.03421, and identified a recent lower high at 0.03421 as the key liquidity magnet. The Enjin upgrade rollout will depend on whether both referenda pass through the network's on-chain governance process before the scheduled blocks are reached.