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SNX: Out from the Shadows - Synthetix Q2 Roadmap Update

Synthetix continues to ship new tools for traders.

TWAP (Time-Weighted Average Price) orders make it easier to scale into and out of larger positions, especially in long tail markets where liquidity can fluctuate, and large single executions may significantly impact your fill price.

Rather than executing one massive order all at once, TWAP orders split execution into smaller slices over time. Here's how you can use TWAP orders to level up your trading.

What is a TWAP Order?A TWAP order breaks one large order into smaller executions distributed across a predefined duration.

This allows traders to gradually build or unwind positions while reducing the impact of any single execution on the market.

For example, instead of opening a single 100 BTC position immediately, a trader could split the order into smaller executions over a selected time period.

This is especially useful in environments where liquidity fluctuates or where traders want smoother entries and exits.

Averaging Through Market VolatilityOne of the major benefits of TWAP orders is execution across predefined time intervals.

By averaging fills over time, traders can reduce exposure to temporary volatility, wicks, and short-term market fluctuations that may otherwise negatively impact execution.

TWAP orders can be configured anywhere from 5 minutes up to 24 hours in total duration.

Shorter durations help traders stay closer to the current market price while still reducing the impact of a single large execution. Longer durations allow for even smaller order slices and help smooth out short-term market fluctuations over a broader period of time, up to a daily average fill.

Longer timeframes are particularly useful for:

Highly volatile market conditionsTraders seeking smoother average execution over timeVery large orders relative to available liquidityReduced Market ImpactAnother major benefit of TWAP orders is reducing the size of each individual execution.

Smaller order slices can help reduce market impact and provide smoother entries and exits in lower-liquidity or long-tail markets.

Rather than forcing a single large fill into thin liquidity, TWAP orders distribute execution over time and across multiple smaller fills.

This can help traders avoid aggressively moving the market while managing larger positions.

How to Place a TWAP OrderTo place a TWAP order on Synthetix Mainnet:

Open the trading interfaceSelect the advanced order dropdown, you may see an order type such as "Stop Market" currently selected. Simply click on the currently selected advanced order to choose a new advanced order type.Choose “TWAP”Choose your total duration from 5 minutes to 24 hours, either by entering a custom duration or by choosing from preset options.Monitor your position as it fills. Your orders will be placed automatically every 30 seconds.TWAP orders currently require a minimum order size of $10,000 USD notional. Notional refers to the final position size after leverage is applied.Try TWAP orders nowTWAP orders are now live on Synthetix Mainnet.

Start trading now:
https://exchange.synthetix.io/

If you need assistance, visit:
https://docs.synthetix.io/

You can also click the chat icon in the bottom-right corner of the docs site to speak directly with the Synthetix team.

Follow Synthetix as we make Ethereum Mainnet the place for perps. 

Join the conversation: discord.gg/synthetix
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Multicollateral margin is now live on Synthetix and ETH is the first non-USDT asset you can post as collateral.

For the first time in the history of Ethereum, you can now utilize ETH as native collateral for trading perps on Ethereum Mainnet. Deposit ETH, trade any market, and manage everything from a unified multicollateral margin account, without ever touching your ETH stack.

On Synthetix, every trade lives and settles on Ethereum Mainnet, so it's only right that you can use the native asset as collateral. Here's what native ETH margin unlocks and how to start using it.

Trade Without Selling Your ETHOn Synthetix, you can now post ETH directly as collateral and maintain your exposure while you trade. Don’t give up a position on the asset you're most bullish on.

Your ETH backs your account, and your USDT-settled positions run on top of it. If you think in ETH, you can merge your conviction with your margin all without ever having to leave the L1.

Deposit ETH as collateral on Synthetix.Note: Minimum deposits, maximum account caps, and per-asset limits are shown in the deposit flow for each token. Larger caps and additional collateral types are coming soon.

Smarter, More Capital-Efficient MarginBecause all of your collateral lives in one unified multicollateral margin account, ETH and USDT work together. Your combined collateral backs every position.

A few of the ways to use it:

Maintain exposure: Use ETH as margin when you'd rather maintain exposure to ETH instead of making deposits in stables.One account, every market: Your ETH and USDT collateral fund any USDT-settled market on the exchange.Avoid unnecessary selling: Trade perps without liquidating spot holdings, and the added taxable events that come with it.Trade any USDT-settled market with unified multicollateral.More Efficient Basis TradesETH as multicollateral margin makes the bread and butter of DeFi strategies: Basis Trades,  seamless to run.

Deposit ETH as collateral and short ETH perps in equal size, and you've built a delta-neutral position: collateral value and position PnL move against each other and largely offset, reducing directional risk while you collect funding on the short.

Basis traders keep funding rates in line, so when they can run these positions more efficiently, every trader on the exchange benefits from tighter, more competitive markets.

How ETH as Margin Works on SynthetixWhen you deposit ETH, it's valued using its live index price, minus a haircut, a standard risk discount applied to non-USDT collateral. 

The result is your Collateral Value: the amount of your ETH that actually counts toward margin. You can see this in your balance table at any time.

Because your positions settle in USDT, fees, funding, and PnL are still paid in USDT. If you're trading on ETH collateral without a USDT balance, your USDT can go negative while positions are open. This is intentional and is backed by your ETH.

Choose between USDT and ETH as collateral on Synthetix.You can repay it any time by using Swap to convert ETH into USDT directly inside your account.

Since ETH collateral is marked to its index price, a drop in the price of ETH lowers your margin even if your open positions haven't moved. 

Keep an eye on the collateral price, not just position PnL, and maintain a buffer. If USDT debt ever climbs past your account's allowed limit, the protocol can automatically convert some ETH to USDT to keep your account solvent, so it's worth repaying voluntarily before it gets there. Full details on haircuts, swaps, withdrawals, and account health live in the docs.

More Collateral Coming SoonETH is the first non-USDT collateral to be offered on Synthetix Perps, but it will not be the last. Our infrastructure is built to support additional assets as collateral in the future, and more collateral types, including yield-bearing assets, are on the way. 

This is just the beginning of a true multicollateral trading experience on Ethereum Mainnet.

Tapping into BillionsThe opportunity for ETH as collateral on the only perp DEX built on Ethereum Mainnet cannot be overstated. Not only can Synthetix now seamlessly tap into well over $100 billion in idle ETH capital, but the upside of delivering a broad surface area of utility for ETH as an asset, natively on the Ethereum L1, is near-limitless in scope, especially when considering Synthetix's core composability with native DeFi on Ethereum.

It is an audacious goal, but if Synthetix can capture 10% of today's average monthly derivatives volume, it would kickstart a virtuous flywheel for the entire Ethereum ecosystem. 

This level of volume and trading activity would generate:

$300-500 billion in monthly volume, all on the Ethereum L1.Increased fee revenue for all validators and protocols.Liquidity magnetism that siphons up any remaining capital on L2s and funnels it back to the L1.Innovation catalyst for new composable strategies on Mainnet. Reunify DeFi around Ethereum's secure foundation. Every protocol benefits when the ecosystem is complete. The entire Ethereum DeFi stack becomes exponentially more valuable.

Trade with ETH NowETH margin is now live on Synthetix Perps.

Start trading now: https://exchange.synthetix.io/If you need assistance, visit: https://docs.synthetix.io/You can also click the chat icon in the bottom-right corner of the docs site to speak directly with the Synthetix team.

Follow Synthetix as we make Ethereum Mainnet the premier venue for perps.

Join the conversation: discord.gg/synthetix Subscribe to Telegram: t.me/+v80TVt0BJN80Y2Yx Follow on X: x.com/synthetix

Referrals on Synthetix are now live.

Create & share your referral code and earn 25% of the trading fees from everyone who signs up with it.

Rewards accrue daily and continue as your friends trade. Anyone who signs up using your code gets a 5% discount on all trading fees, applied automatically when they create their account.

Your referrals dashboard lives inside the portfolio tab on the main Synthetix user interface.

On the referrals page, you can see the total amount of rewards available to you, how many referees have signed up under your code, your lifetime rewards, and the total sum of fees generated by your referees.

One thing to know: referral codes only apply at account creation and can't be added to an existing account later. Share your link before your friends sign up.

How to Earn With Referrals:Create a new account on SynthetixDuring account creation, enter a valid referral code. Referral codes must be entered during account creation and cannot be added post-hoc. Your referral code is automatically generated on the ‘Referrals’ tab within the Portfolio section of your Synthetix account.You can read more on our Referral Program on Synthetix Docs: https://docs.synthetix.io/rewards/referral-program#for-referrers 

Amplify your earnings with SnaxpotAlongside earning 25% of all trading fees from referees, all trading fees on Synthetix automatically convert into Snaxpot Tickets. Each ticket is one entry into a rolling, weekly draw with a $500,000 top prize. 

The TLDR:

Every $2 in fees earns 1 Snaxpot ticket. Winners are drawn every week. Prizes range from $4 to $500,000.Refer and begin earning on Synthetix today: https://exchange.synthetix.io/portfolio/referrals 

Follow Synthetix as we make Ethereum Mainnet the premier venue for perps.

Join the conversation: discord.gg/synthetix 

Subscribe to Telegram: t.me/+v80TVt0BJN80Y2Yx 

Follow on X: x.com/synthetix 

Synthetix is pulling the plug on its legacy synthetic stablecoin. SIP-423, introduced on June 12 by founder Kain Warwick and core contributor Benjamin Celermajer, proposes retiring sUSD across both Ethereum mainnet and Optimism, compensating holders with newly minted SNX tokens.

The conversion math works like this: holders receive 4 SNX for every $1 of sUSD they hold, which effectively pegs SNX at a reference price of $0.25 for the purposes of this exchange. The catch is those tokens come with strings attached, specifically a one-year lock-up followed by a one-year vesting schedule.

A stablecoin that stopped being stable sUSD was supposed to trade at $1. It’s currently trading around $0.25, according to CoinGecko and DefiLlama data. Roughly 40 million sUSD remains in circulation, which means the protocol is looking at compensating holders for approximately $40 million in face value.

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The proposal also revises the Debt Jubilee program associated with the 420 Pool, a mechanism previously established to manage legacy debt within the protocol. Under the new terms, staking ratio requirements for sUSD are removed entirely. Excess debt can either be repaid early or carried under a new four-year lock period with one-year vesting terms.

A governance snapshot vote was estimated for June 26, 2026. The Synthetix governance model requires 4 out of 7 Spartan Council signatures for proposals to pass.

Why Synthetix is doing this now Synthetix has been signaling a strategic pivot for months. The protocol is shifting its focus toward perpetual futures trading on Ethereum mainnet, moving away from the synthetic asset model that once defined its identity. SIP-423 is essentially the cleanup phase of that transition, decoupling SNX staking from legacy sUSD obligations.

The proposal also outlines buyback initiatives for both SNX and sUSD, with the stated goal of restoring the peg by the end of Q2 2026.

Additional implementation details are expected through a follow-up proposal, SIP-424.

What this means for investors If you’re holding sUSD right now, you’d receive SNX tokens valued at $1 per sUSD at face value, but those tokens are locked for a year and then vest over another year. SNX would need to hold above $0.25 just for holders to break even relative to current sUSD market value.

For existing SNX holders, the minting of new tokens to compensate sUSD holders is dilutive by definition. But removing the legacy debt overhang could theoretically make the protocol more attractive to new capital, particularly as Synthetix leans into its perpetual futures business.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Synthetix founder Kain Warwick published a detailed thread this morning acknowledging that sUSD has been depegged for over a year, taking personal responsibility for treasury mismanagement, and outlining a basis-vault-backed replacement stablecoin to run on the protocol's new v4 exchange.

Synthetix founder Kain Warwick has acknowledged that sUSD has been depegged for over a year, taken personal responsibility for treasury mismanagement, and published a detailed thread this morning explaining the path forward: winding down the SNX-backed stablecoin and replacing it with a basis-vault-backed instrument powered by the protocol's new v4 exchange.

Warwick's eleven-tweet thread follows governance's passage of SIP-423, covered earlier today by The Defiant, which would freeze the sUSD contract and pay holders four SNX per sUSD. In the thread, Warwick goes further than the SIP itself, framing the depeg as a multi-factor failure and detailing the reasoning behind every step.

30% Treasury AccumulationThe protocol's treasury has absorbed roughly 30% of outstanding sUSD supply over the past year, according to Warwick's thread. Yet he says that buying back the rest is not an option: selling SNX at current prices to retire the remaining sUSD would be value-destructive, and there is no demand for locked SNX that would allow the protocol to repeg without deepening that discount.

Warwick noted that locking SNX at today's price implies a 75% discount against the liquid token, "which given the state of the token market is probably accurate." At the time of publication, SNX trades at $0.2426, per CoinGecko, and sUSD is quoted at $0.25, or roughly 75 cents below its $1.00 target.

The 420-Pool CallOn the 420 pool, Warwick's assessment is direct. Introducing the mechanism "very likely saved the protocol from a death spiral at the cost of the sUSD peg." SNX holders absorbed that cost; the thread frames sUSD as a liability of SNX holders specifically, which is why the SIP-423 wind-down uses SNX rather than cash to make holders whole.

What Went WrongWarwick attributes the depeg to three compounding failures. The v3 exchange was, in his words, "a dumpster fire." The v4 build took far longer to scale than anticipated. Yield generation on sUSD balances, a mechanism intended to create buy-side demand for the stablecoin, failed to materialize.

The combination left sUSD exposed. Supply had once exceeded $1 billion across sUSD and other synths; an orderly wind-down got it to roughly $50 million, but Warwick describes the remaining tail as "functionally insolvent" without exchange revenue to backstop it.

"As the founder the responsibility for this mismanagement is mine," Warwick wrote.

Basis-Vault ReplacementThe forward-looking piece of the thread is the replacement design: sUSD as a debt instrument backed by SNX is being wound down and replaced by a basis-vault-backed stablecoin, intended to run on the v4 exchange on Ethereum mainnet.

The design differs structurally from sUSD. A basis-vault stablecoin earns yield from funding-rate arbitrage between spot and perpetual positions, rather than requiring collateral in a volatile governance token. Warwick did not specify a launch timeline or target supply for the replacement.

Perp Meta, MissedWarwick's self-critique centers on a specific market window. Synthetix had the architecture and the community to compete in the 2023-2024 on-chain perpetuals expansion. Instead, v3 development problems slowed the exchange, and purpose-built perp venues captured the growth.

"Synthetix was positioned almost perfectly to take advantage of the Perp Dex meta, but we fumbled hard," Warwick said. He added he remains a holder of both SNX and sUSD, describing both as "max pain since 2022." He closed the thread expressing confidence in a recovery, though he acknowledged the market is not currently pricing one in.

Synthetix's total value locked stands at $32.5 million, per DefiLlama, with virtually all of that on Ethereum. SNX carries a market capitalization of $83.6 million, per CoinGecko.

Crypto exchange Coinbase in a surprising move on Friday announced suspending trading for Enjin Coin (ENJ) from mid-June. As a result, ENJ price tumbled 10% in a few hours, with the fall extending to over 20% this week. The crypto exchange also announced a suspension of trading for Metal (MTL), causing a more than 8% fall in prices.

Coinbase Announces ENJ and MTL Trading Suspension In the latest posts on X on May 31, Coinbase said it will suspend trading for Enjin Coin (ENJ) based on recent reviews. Users will not be able to trade Enjin Coin (ENJ) from around 2 PM ET on June 14.

“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” said Coinbase, citing reasons for the suspension.

Notably, trading will be suspended on Coinbase Simple and Advanced Trade, Coinbase Exchange, Coinbase Prime, and Native DEX. This indicates an overall takedown of Enjin Coin from the crypto exchange, sparking concerns among ENJ holders as they panic sell their tokens.

Coinbase also stated that it has moved ENJ order books to limit-only mode. This would allow limit orders to be placed and canceled, and matches may occur.

ENJ price dropped more than 15% after the announcement, with the price currently trading at $0.316. Derivatives trading also witnessed a massive decline in ENJ open interest after the move by Coinbase.

Also Read: Mt Gox $10B Bitcoin Distribution Won’t Affect BTC Price: Details

Metal Dao (MTL) Price Plunges 9% Coinbase asked users to transfer their MTL tokens to a self-custodial wallet that will support MTL V2 by June 23rd at 11 PM ET to ensure access to the airdropped assets. “If you do not transfer your MTL assets by this date, you will not be able to access the V2 assets,” the exchange asserts.

Coinbase will not support MTL token airdrop. It will suspend trading for Metal DAO (MTL) at 2 PM ET on June 14. The exchanges has moved MTL order books to limit-only mode, similar to Enjin Coin (ENJ).

MTL price fell 9% after the news and extended the fall by over 12% this week, with the price currently trading at $1.67. The 24-hour low and high are $1.61 and $1.82, respectively. Furthermore, the trading volume has decreased by 42% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Will Bitcoin, ETH, SOL, XRP, SHIB Prices Set to Rally in June as CPI & PCE Inflation Cools

Enjin Coin (ENJ) is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. In this article, you can find answers to two frequently asked questions: What is Enjin Coin (ENJ) and how to buy Enjin Coin (ENJ) with TRY.

What is Enjin Coin (ENJ)?Enjin Coin is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. Enjin Coin provides developers with tools to seamlessly create and integrate digital assets, addressing long-standing issues of high fees and fraud in the transfer of in-game items and collectibles.

Enjin Coin offers software development kits (SDKs) that allow developers to create and manage digital assets on the Ethereum Blockchain. These SDKs enable developers to mint customizable assets and register them on smart contracts, leveraging the advantages of cryptocurrency such as speed, cost-effectiveness, and security.

At the heart of the ecosystem is the ENJ coin, the main network asset. Every in-game item created on the Enjin Coin platform is assigned a value in ENJ coin, providing a unified currency for transactions within the gaming ecosystem.

The primary use of Enjin Coin is to allow users to manage and store virtual goods for games. These products can range from in-game currencies to tokens representing unique game items. Enjin Coin facilitates the creation, exchange, and destruction of these items through a streamlined process.

Enjin Coin offers a native smart wallet that serves as a central hub for users to store and trade their digital assets. The wallet allows users to value their inventory across multiple games, trade with other users, and sell their digital products for ENJ coin, enhancing accessibility and liquidity within the Enjin Coin ecosystem.

How to Buy Enjin Coin (ENJ) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Enjin Coin (ENJ). On Binance TR, where you can quickly create an account, more than 100 cryptocurrencies, including ENJ, can be bought and sold. Follow these steps to buy Enjin Coin (ENJ) with TRY on Binance TR.

How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. Go to trbinance.com and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.

After entering the requested information completely and correctly, an email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).

How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or the official Binance TR website. Note that you will also need your mobile phone to verify your identity from the website.

On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify”. After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click on the “Copy URL” option to send the identity verification address to your phone via SMS.

When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.

Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.

After selecting the document type, you can continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and the information in the photos you take can be easily read when taking photos of the front and back sides of your ID card or driver’s license.

Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. After the camera opens, make sure your face fills the camera area as much as possible.

After completing all these steps accurately and completely, your identity verification process will be completed in a short time.

How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without interruption. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.

To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.

Then a page like the one below will open, and you can continue the deposit process by selecting the bank you prefer. If the bank you prefer is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.

In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is transfer the amount you want to deposit into your Binance TR account using the information displayed on the page of the bank you chose.

After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.

How to Buy ENJ Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to ENJ coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.

After clicking on this option, the page below will open. By typing “ENJ” in the search section on the right side of this page and clicking on the ENJ/TRY option from the results, you can go to the TL to ENJ purchase page.

Now the ENJ trading page below will open. In this page, in the area marked with a red box, you need to enter the price at which you want to buy ENJ in the first box and the number of ENJ you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ENJ” button.

What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.

Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.

Users are supported with Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Story HighlightsThe live price of the Enjin token is Loading live price The ENJ price could reach a potential high of about $0.06602 by the end of 2026.The Enjin blockchain has grown to a vibrant Web3 gaming ecosystem with over 4 million users and already 1.2 billion NFTs minted.The Enjin (ENJ) network has grown to a vibrant ecosystem with more than 4 million users and over 1.2 billion NFTs already minted. The notable growth of the web3 gaming industry in the past few years has played a crucial role in the mainstream adoption of the ENJ token, which is used for governance purposes, staking, and paying transaction fees.

In the next five years, the ENJ price will be heavily influenced by the macroeconomic crypto outlook, in addition to the regulatory frameworks in major jurisdictions led by the United States, the EU, and BRICS nations.

So, let’s dive deep into Enjin (ENJ) price prediction for 2026 – 2030.

OverviewCryptocurrency Loading cryptocurrency name Token Loading cryptocurrency symbol Price Loading live price Loading 24 hour change Market cap Loading market cap Circulating Supply Loading circulating supply Trading Volume  Loading trading volume All-time high $4.85 on 25th November 2021All-time low$0.00036 on 11 October 202524 High Loading 24 hour high 24 Low Loading 24 hour low *The statistics are from press time.

As of June 2026, Enjin is undergoing a major ecosystem upgrade focused on the adoption of Web3 gaming. The recent Kallang mainnet upgrade improved staking, removed legacy controls, and enhanced cross-chain compatibility through the updated Polkadot SDK.

At the same time, Enjin Platform v3 is introducing new tools for game developers, including Unity and Unreal Engine plugins, direct wallet integrations, and “Fuel Tanks” that allow developers to cover transaction fees for players.

Unlike many projects, ENJ demand is closely tied to gaming activity. As more games use NFTs, Fuel Tanks, and on-chain assets, more ENJ can become locked within the ecosystem, helping support long-term demand.

As of now, ENJ is trading around $0.0319, down nearly 3% in the last 24 hours. Analysts expect ENJ to reach $0.066 by the end of 2026, with further upside possible if the project delivers major upgrades or important announcements.

YearPotential LowPotential Average Potential High 2026$0.0189$0.0362$0.06602Enjin Technical Price Analysis for 2026Enjin Coin (ENJ) remains under pressure after failing to hold its strong April rally. The chart shows ENJ trading near a key support zone around $0.031, which has acted as a buying area several times. A break below this support could send the price toward the lower support near $0.018.

On the upside, ENJ needs to reclaim $0.036 first to confirm short-term strength. If buyers push above that level, the next major resistance sits around $0.066. The RSI is recovering from oversold conditions, suggesting selling pressure is easing, but momentum remains weak. 

For now, ENJ is in a recovery phase, with price likely ranging between $0.027 and $0.066 until a clear breakout occurs.

Enjin Q3 Price Prediction 2026Q3 is expected to focus on developer adoption as Enjin rolls out its new C# and C++ SDKs. These tools make it easier for traditional game studios to integrate blockchain features into their games.

If adoption continues to grow, developer demand for ENJ-powered Fuel Tanks could help support price stability. Based on current trends, ENJ could trade between key support and resistance levels as it builds momentum ahead of major product launches later in the year.

Enjin Q4 Price Prediction 2026Q4 could be the most important quarter for Enjin in 2026. The planned launch of dedicated Unity and Unreal Engine plugins will significantly lower the barrier for game developers entering Web3.

If major studios begin using Enjin’s NFT infrastructure and Fuel Tank system during the holiday gaming season, on-chain activity could rise sharply. Combined with a broader Web3 gaming recovery, this may create stronger demand for ENJ and support a larger year-end rally.

Enjin Price Prediction 2026 – 2030YEARPOTENTIAL LOWAVERAGE PRICEPOTENTIAL HIGH2026$0.0189$0.0362$0.066022027$0.0616$0.094$0.39402028$0.13$0.45$0.8802029$0.38$1.12$2.142030$0.91$2.883$5Enjin Price Prediction 2026In 2026, Platform v3 gaming tools and developer integrations boost ecosystem activity, helping ENJ reach $0.06602.

Enjin Price Prediction 2027New game launches and growing partnerships attract more users and developers, supporting ENJ near $0.03940.

Enjin Price Prediction 2028By 2028, cross-chain NFT expansion and wider blockchain gaming adoption could lift activity, targeting $0.880.

Enjin Price Prediction 2029Advanced in-game economies and player-owned marketplaces strengthen utility, potentially pushing ENJ toward $2.14 by 2029

Enjin Price Prediction 2030By 2030, mainstream blockchain gaming adoption could establish Enjin as a leading gaming infrastructure network, reaching $5.

Also Check Out: Gala Games Price Prediction 2025-2030

CoinPedia’s Enjin Coin Price PredictionAs per Coinpedia’s formulated forecast, ENJ price may reach a potential peak of about $0.16182 and a possible low of around $0.066 by the end of 2026.

The exponential growth of the ENJ token is heavily dependent on the likely to happen altseason in 2026, especially after Bitcoin’s dominance signaled a potential reversal pattern.

YearPotential LowPotential Average Potential High 2026$0.0189$0.0362$0.0066Market AnalysisFirm Name202620272030Coincodex$0.1175$0.1098$0.131Tradersunion$0.0562$0.75$2.50Pricepredictions$0.136438$0.212238$0.515434We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsCan Enjin coin be mined?

Yes, it is possible to mine Enjin Coin.

Is Enjin Coin a good investment?

Although not investment advice, Enjin Coin might be a profitable investment for the long term as it aims to provide more benefits to its users.

How to buy Enjin Coin?

Enjin Coin is available for trade across prominent cryptocurrency exchange platforms such as Coinbase, Zebpay, and Kraken, amongst others.

Can Enjin Coin rise in 2026?

CoinPedia forecasts ENJ could reach a potential high of $0.06602, with a possible low of $0.00189, by the end of 2026. This depends heavily on a potential “altseason.”

Story Ends Here

Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.

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Buy Enjin Coin: A Comprehensive Guide on How to Purchase ENJ – Top Exchanges & Brokers

Bullish ENJ price prediction for 2025 is $0.1188 to $0.1866. Enjin Coin (ENJ) price might reach $1 soon. Bearish ENJ price prediction for 2025 is $0.0355. In this Enjin Coin (ENJ) price prediction 2025, 2026-2030,  we will analyze the price patterns of ENJ by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS

INTRODUCTION

Enjin Coin (ENJ) Current Market StatusWhat is Enjin Coin (ENJ)?Enjin Coin (ENJ) 24H TechnicalsENJIN COIN (ENJ) PRICE PREDICTION 2025

Enjin Coin (ENJ) Support and Resistance LevelsEnjin Coin (ENJ) Price Prediction 2025 — RVOL, MA & RSIEnjin Coin (ENJ) Price Prediction 2025 — ADX, RVIComparison of ENJ with BTC, ETHENJIN COIN (ENJ) PRICE PREDICTION 2026, 2027-2030CONCLUSIONFAQ Enjin Coin (ENJ) Current Market Status Current Price $0.06680 24 – Hour Price Change 1.17% Down 24 – Hour Trading Volume $10.1M Market Cap $125.41M Circulating Supply 1.87B ENJ All – Time High $4.85 (On Nov 25, 2021)   All – Time Low $0.01562 (On Nov 03, 2017)   ENJ Current Market Status (Source: CoinMarketCap) What is Enjin Coin (ENJ) TICKERENJBLOCKCHAINEthereumCATEGORYERC-20 TokenLAUNCHED ONJune 2018UTILITIESGovernance, Fast Transactions, gas fees & rewards Enjin Coin (ENJ) is an ERC-20 token native to the Enjin platform, a gaming community platform. The transactions of ENJ are secured in the network by the proof-of-work (PoW) mechanism.  

ENJ is used to buy, sell and trade NFTs in the Enjin ecosystem. Thus, these tokens serve primarily as utility tokens for backing NFTs. Users and developers can use Enjin (ENJ) to mint and create unique in-game NFTs. Along with ENJ, the Enjin ecosystem also has another token called Efinity token (EFI) which is the governance token of the native decentralized Enjin metaverse.

Enjin ecosystem enables users to utilize its native blockchain products to create unique NFTs for businesses, especially in the gaming industry.

Enjin Coin 24H Technicals
(Source: TradingView)

Enjin Coin (ENJ) ranks 307th on CoinMarketCap in terms of its market capitalization. The overview of the Enjin Coin price prediction for 2025 is explained below with a daily time frame.

ENJ/USDT Descending Channel Pattern (Source: TradingView)

In the above chart, Enjin (ENJ) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. Higher prices often follow the descending channel pattern. But only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.

A trader could make a selling bet within a descending channel when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.

At the time of analysis, the price of Enjin Coin (ENJ) was recorded at $0.06680. If the pattern trend continues, then the price of ENJ might reach the resistance levels of $0.1203 and $0.1622. If the trend reverses, then the price of ENJ may fall to the support of $0.0862 and $0.0589.

Enjin Coin (ENJ) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Enjin Coin (ENJ) in 2025.

ENJ/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Enjin Coin (ENJ) for 2025.

Resistance Level 1$0.1188Resistance Level 2$0.1866Support Level 1$0.0596Support Level 2$0.0355 ENJ Resistance & Support Levels

Enjin Coin (ENJ) Price Prediction 2025 — RVOL, MA, and RSI The technical analysis indicators, such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (ENJ), are shown in the chart below.

ENJ/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Enjin Coin (ENJ) market in 2025.

INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.0826Price = $0.0909
(50MA < Price)Bullish/UptrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions63.9425
<30 = Oversold
50-70 = Neutral>70 = OverboughtNeutralRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume Enjin Coin (ENJ) Price Prediction 2025 — ADX, RVI In the below chart, we analyze the strength and volatility of Enjin Coin (ENJ) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

ENJ/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Enjin Coin (ENJ).

INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum58.6050Strong TrendRelative Volatility Index (RVI)Volatility over a specific period54.12<50 = Low
>50 = High

HIgh volatility Comparison of ENJ with BTC, ETH Let us now compare the price movements of Enjin Coin (ENJ) with those of Bitcoin (BTC) and Ethereum (ETH).

BTC Vs ETH Vs ENJ Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of ENJ is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ENJ also increases or decreases respectively.

Enjin Coin (ENJ) Price Prediction 2026, 2027 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Enjin Coin (ENJ) between 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish PriceEnjin Coin (ENJ) Price Prediction 2026$3$0.03Enjin Coin (ENJ) Price Prediction 2027$5$0.02Enjin Coin (ENJ) Price Prediction 2028$6$0.01Enjin Coin (ENJ) Price Prediction 2029$9$0.009Enjin Coin (ENJ) Price Prediction 2030$10$0.008 Conclusion If Enjin Coin (ENJ) establishes itself as a good investment in 2025, this year would be favorable to the cryptocurrency. In conclusion, the bullish Enjin Coin (ENJ) price prediction for 2025 is $0.1866. Comparatively, if unfavorable sentiment is triggered, the bearish Enjin Coin (ENJ) price prediction for 2025 is $0.0355. 

If the market momentum and investors’ sentiment positively elevate, then Enjin Coin (ENJ) might hit $1. Furthermore, with future upgrades and advancements in the Enjin Coin ecosystem, ENJ might surpass its current all-time high (ATH) of $4.85. and mark its new ATH. 

FAQ 1. What is Enjin Coin (ENJ)? Enjin Coin (ENJ) is the native cryptocurrency of the Enjin Coin Network. It was launched as an ERC-20 token in 2017. It majorly is deployed in backing the NFTs in the gaming platform associated with Enjin.

2. Where can you purchase Enjin Coin (ENJ)? Enjin Coin (ENJ) has been listed on many crypto exchanges which include Binance, OKX, WEEX, Deepcoin, and Bybit.

3. Will Enjin Coin (ENJ) reach a new ATH soon? With the ongoing developments and upgrades within the Enjin platform, ENJ  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Enjin Coin (ENJ)? On November  25, 2021 Enjin Coin (ENJ) reached its new all-time high (ATH) of  $4.82.

5. Is Enjin Coin (ENJ) a good investment in 2025? Enjin Coin (ENJ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Enjin in the past few months, ENJ  is considered a good investment in 2025.

6. Can Enjin Coin (ENJ) reach $1? Enjin Coin (ENJ) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Enjin Coin (ENJ) will hit $1 soon.

7. What will be Enjin Coin (ENJ) price by 2026?  Enjin Coin (ENJ) price is expected to reach $3 by 2026.

8. What will be Enjin Coin (ENJ) price by 2027?  Enjin Coin (ENJ) price is expected to reach $5 by 2027.

9. What will be Enjin Coin (ENJ) price by 2028?  Enjin Coin (ENJ) price is expected to reach $6 by 2028.

10. What will be Enjin Coin (ENJ) price by 2029?  Enjin Coin (ENJ) price is expected to reach $9 by 2029.     

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Binance Will Support the MANTRA (OM) and Enjin Coin (ENJ) Network Upgrades

Enjin Coin Explodes 300% From Near Zero — Here’s Why

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-05-18 13:35 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Enjin Coin (ENJ) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 15,543,000, or approximately at 2026-05-18 14:35 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-05-13

13.05.2026 - 07:29

Update: 13.05.2026 - 07:33

Cryptocurrency exchange Binance has announced it will support the planned network upgrade for the Enjin Coin network. According to the exchange’s statement, to protect user experience and ensure a smooth technical transition, token deposits and withdrawals on the ENJ network will be temporarily suspended starting May 18, 2026, at 16:35.

Binance announced that the network upgrade is expected to take place at approximately 17:35 on the same day, at block height 15,543,000. The platform emphasized that all technical requirements related to the upgrade process will be managed directly by Binance and users will not need to take any additional action during this process.

According to information shared by the exchange, trading of the ENJ token will not be affected during the network upgrade. Users will be able to continue trading normally in the spot and derivatives markets. The suspended service will be limited only to deposit and withdrawal transactions made through the network.

Binance also announced that deposit and withdrawal services will be reactivated once the network is confirmed to be stable and secure following the upgrade. It was stated that no further announcement will be made regarding this reactivation.

Experts consider this update to the ENJ network to be another important technical step towards improving the project’s infrastructure efficiency. Users are advised to complete their transfers before the specified times to avoid any transaction disruptions.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

6 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

6 minutes ago

Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.

E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)

6 minutes ago

The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.

According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.

6 minutes ago

US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.

According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.

6 minutes ago

Micron Technology surges 18% in pre-market trading on US stocks

According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.

6 minutes ago

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

6 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

6 minutes ago

Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.

E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)

6 minutes ago

The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.

According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.

6 minutes ago

US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.

According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.

6 minutes ago

Micron Technology surges 18% in pre-market trading on US stocks

According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.

6 minutes ago

Table of contents

Over the past 24 hours, several digital currencies have made strong gains, indicating that the cryptocurrency sector is picking up pace. According to CoinMarketCap, Worldcoin (WLD) increased substantially due to AI technology, while gold-backed tokens like PAX Gold (PAXG) and Tether Gold (XAUt) reached record high valuations. The combination generates potential for high-tech investors while protecting them from international economic instability, reflecting the maturation of the fledgling crypto sector.

Worldcoin and Gold-Backed Tokens are on Top Worldcoin (WLD) has been the most successful cryptocurrency today as it increased in price by 5.39% to $0.4884 with an associated trading volume of $780 million. The increase is due to the success of the biometric identification verification solution created by Sam Altman (CEO of OpenAI). Price increases seem to be associated with improvements to Worldcoin’s platform through its use of AMPC (Anonymous Multi-Party Computation) technology, which uses quantum computers to obfuscate and protect the digital representation of the World ID member’s numerical code, thereby addressing privacy issues related to Worldcoin.

The performance of Paxos Gold (PAXG) has been strong in the past week, up 4.69% or $5,532.74 with more than $1 billion in 24-hour trading volume. Since PAXG is a token that is backed 1:1 by physical gold that is stored in LBMA approved vaults, it reflects the performance of the overall gold market, which has recently hit a record high of more than $5,000 per ounce. The recent increase in gold-backed cryptocurrencies has been driven by macroeconomic factors such as strong central bank purchases of gold, geopolitical concerns, and expectations of Federal Reserve interest rate cuts.

Recent trade saw Tether Gold (XAUt) rise 4.64% to $5,516.95. Trade volume has been above $1 billion. Tether Gold uses blockchain networks to track ownership of actual gold for investors. Tether Gold (and other gold-backed tokens) are different from typical investments due to the legislative framework and blockchain technology, which allows institutional investors to employ Gold.

TRON and Emerging Projects Steady Performance TRON (TRX) had a 0.90% gain for the day, trading at $0.2946 with volume of $618 million. The blockchain platform has seen the benefit of its integration with Coinbase’s Base network, which has opened TRX to wider cross-chain liquidity as well as DeFi participation. TRON remains dominant in the volatile nature of the stablecoins industry as it hosts about $60 billion in the stablecoin market capitalization, making it appealing for users looking to send digital dollars for low-cost, fast transactions.

UNUS SED LEO (LEO) added 0.52% to trade at $9.21, and MemeCore (M) added 0.32% to lead $1.55. These gains provide evidence that even established tokens and meme projects are engaging in the positive trends of the market today.

Conclusion The current leading gainers in the crypto space show us that there is a wide variety of investment potential for Cryptocurrencies. Worldcoin provides us with a new way of digitally identifying people, whereas Tokenized Gold provides us with a way of coming together between traditional finance and blockchain. As crypto space matures, it will be driven by the continual maturation of regulations, continued technological innovation and increasing utilization of Cryptocurrencies in the real world.

AUTHOR

Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.

Gold Volatility Fails to Slow Tokenized Gold’s $6 Billion Rise

Physical gold prices climbed to their highest level in a month as safe-haven demand spiked amid escalating geopolitical tensions.

At the same time, the move into bullion is spilling into digital markets. On-chain data shows a surge in the accumulation of tokenized gold assets.

Gold Prices Advance as Investors Seek SafetyGold rose 2% on March 2, reaching an intraday high of $5,394 per ounce, its highest level since January 30. At press time, the price had adjusted to $5,363.7.

Follow us on X to get the latest news as it happens

Gold Price on March 2. Source: TradingViewThe catalyst was direct: US and Israeli strikes on Iran sparked safe-haven flows into precious metals across global markets. Monday’s flare-up injected additional momentum into the precious metal’s broader rally. Gold has delivered notable returns, rising approximately 65% in 2025 alone.

For crypto participants, the timing mattered. With digital asset markets simultaneously experiencing renewed volatility, tokenized gold offered a path to preserve gold exposure without relying on traditional finance rails.

Major Purchases Highlight Tokenized Gold DemandOn-chain analytics firm Lookonchain identified an inactive wallet that spent $1 million USDC to buy PAX Gold (PAXG) and Tether Gold (XAUT) tokens. The address, labeled 0x1C70, performed multiple swaps over several hours and still holds $4 million USDC.

“The wallet still holds 4M USDC and may buy more,” Lookonchain said.

Additionally, an Ethereum whale rotated holdings from ETH into XAUT while accepting a realized loss. OnchainLens reported that the wallet (0x744b) swapped 1,000 ETH, valued at $1.94 million, for 358.49 XAUT at $5,413, incurring a loss of over $60,000.

“Over the past 2 years, the whale received 1,645 ETH for $3.26 million and still holds 645 ETH ($1.25 million),” the post read.

Meanwhile, London-based asset manager Abraxas Capital Management’s gold holdings also rose. An on-chain analyst, citing data from blockchain intelligence platform Arkham Intelligence, reported that the firm received 28,723 XAUT tokens, valued at $151 million, from Tether’s treasury. The transfer marked the largest XAUT transaction recorded in the past three weeks.

“Interesting fact: Heka Funds (Abraxas Capital) is one of Tether’s largest and most important institutional clients. At one point, it held 1.5% of the total USDT supply. Among Tether’s publicly disclosed on-chain address clusters, it currently ranks as the second-largest entity by interaction volume,” the analyst added.

The increase in tokenized gold accumulation corresponds with greater interest in alternative stores of value within crypto. Investors may favor gold-backed tokens for price stability and potential gains linked to metals markets, while risking less from the volatility typical of many digital assets.

BeInCrypto recently reported that the tokenized gold sector has recorded significant expansion, with its market capitalization now exceeding $6 billion. Furthermore, according to CoinGecko, daily trading volumes for both XAUT and PAXG surpassed $1 billion yesterday, signaling strong investor demand.

Whether this is a temporary flight to safety or marks a sustained move toward commodity-backed digital tokens remains a question as March 2026 progresses and more on-chain data emerges.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Gold Whales Cash Out $40 Million as Prices Cross $5,000 — Are Smart Money Traders Calling the Top?

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

5 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

5 minutes ago

Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.

E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)

5 minutes ago

The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.

According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.

5 minutes ago

US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.

According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.

5 minutes ago

Micron Technology surges 18% in pre-market trading on US stocks

According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.

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PANews reported on March 20th that, according to Decrypt, the World Gold Council, founded in 1987, is collaborating with the Boston Consulting Group to propose a "Gold as a Service" framework. This framework aims to establish standards for tokenized gold, challenging crypto-native issuers such as Tether Gold and PAX Gold. The service will provide a shared network enabling companies issuing tokenized gold to access a unified platform to manage physical reserves, enhance trust through continuous auditing, and establish fungibility between products.

The tokenized gold market, currently dominated by Paxos and Tether, has a total market capitalization of approximately $4.9 billion, with each having established its own independent custody and issuance system. The World Gold Council launched the first physical gold ETF in the United States, SPDR Gold Shares, in 2004, which currently has a market capitalization of $126 billion. The council states that the new service could lower the entry barrier for issuers and is expected to spawn hundreds of tokenized gold products.

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

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Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.

E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)

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The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.

According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.

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US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.

According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.

5 minutes ago

Micron Technology surges 18% in pre-market trading on US stocks

According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.

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In the near future, decentralized finance (DeFi) may provide a whole host of financial services and products, which are currently inaccessible to the vast majority in the world’s population. Much as search engines rapidly made the internet indispensable to modern life, smart contracts could be on their way to becoming a cornerstone of modern finance.

DeFi smart contracts currently hold more than $500M in assets. That’s more than double the amount since the start of the year.

Source: DeFi Pulse But how many people will actually use DeFi applications? Very few people understand Bitcoin (BTC), let alone the more complicated digital assets.

Technical and financial complexity excludes the vast majority of people, and that takes us back to square one. As Crypto Briefing reported earlier this month, the preponderance of arbitrage and other sophisticated trading strategies shows that DeFi has mostly been the preserve of professional traders.

Perhaps that’s why a DeFi portal based out in India has managed to attract investment from some of the largest, most reputable names in the space. InstaDApp announced earlier this week that they had raised $2.4M in seed capital from the likes of Pantera Capital, Coinbase Ventures as well as Loi Luu, from Kyber Network (KNC).

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“DeFi allows anyone to launch a bank,” explained InstaDApp co-founder Sowmay Jain, in a call with Crypto Briefing. It allows innovation, which is currently limited to a handful of tech hubs, to “happen in any corner of the world.”

InstaDApp provides access to a host of interoperable DeFi applications all from the same interface. Based on a smart contract layer, users can make transactions across otherwise separate protocols in a single step. Previously that would have been expensive and time-consuming, involving multiple transactions and hours spent researching differences in data-sets.

The project’s first protocol bridge was between CDP provider Maker and lending platform Compound, allowing users to easily switch debt positions between the two providers. After launching in early July, the value locked into InstaDApp smart contracts has increased ninefold, from $4M to $35M, in a three-month period.

The number of DeFi protocols has exploded in recent months. There are now more than fifty different projects, according to the data site DeFi Pulse. That includes projects offering decentralized financial products, like Maker or Ampleforth, as well as wallet providers and infrastructure projects, like InstaDApp.

The industry is still not established enough to offer services to everyone, says Jain. A lack of fiat onramps restricts DeFi to those who hold cryptocurrencies, although that will change as digital assets begin to integrate with mainstream finance.

As the numbers of users and providers grow, the technical infrastructure underpinning DeFi will become more important. By offering bridges between the different protocols, InstaDApp believes it can make the DeFi space more attractive to users.

Judging by the seed round, that’s what investors think too. While there are still only a handful of dApps, an investment in the plumbing suggests the market is already thinking long-term about the future of DeFi.

It’s hard to judge how successful a sector will become at such an early stage. But when Google and Amazon were obscure startups in the 1990s, they also attracted multi-million dollar investments.

History never repeats itself, but it does rhyme.

Disclosure: This article was edited by Paddy Baker. For more information on how we create and review content, see our Editorial Policy.