Enjin is preparing two network upgrades for November, although neither can proceed until its respective governance referendum receives approval. The official Enjin changelog lists Fort Canning Relaychain runtime 1.8.0 for November 9, 2026, with Matrixchain runtime 1.4.1 scheduled for November 16.
An October 5, 2026 entry in the Enjin Blockchain changelog details the proposed rollout, including the expected deployment times, block targets and technical changes.
The announcements come as ENJ trades near $0.033. The token is down about 1% over the day but remains 14% higher over the past week. Its market capitalization is approximately $66 million, while its price remains 99% below the $4.82 record reached in 2021. Some investors are looking to the upgrades as a possible catalyst, although the planned changes do not guarantee stronger demand or a price rally.
Fort Canning Deployment Timeline
The Relaychain upgrade is scheduled around block #18,059,100, while Matrixchain has a target of block #12,331,000. Both deployments are expected at approximately 16:00 UTC.
Enjin describes the timing as an estimate based on current block-production rates. The Matrixchain block number is a target, whereas the Relaychain block is set through its governance referendum.
The Canary networks have already completed preliminary testing. Relaychain was upgraded on September 28, followed by Matrixchain on September 29.
Those deployments indicate that the upgrades have progressed through testing, but they do not mean the mainnet versions are already live. The scheduled mainnet launches remain conditional on governance approval.
For investors, that distinction is significant. Fort Canning is still a proposed protocol upgrade with a published technical scope, rather than a completed network event with demonstrated effects on activity or ENJ demand.
Changes to Governance
Fort Canning would significantly raise the cost of submitting governance proposals. Deposits would increase from 0.025 ENJ to 1,000 ENJ for each track. The upgrade would also establish minimum support thresholds based on the total ENJ supply of 2.02 billion, including ENJ held on Matrixchain.
Matrixchain would adopt OpenGov, introducing 15 referendum tracks and conviction-based voting. ENJ holders could increase their voting weight by locking tokens for longer periods. Enjin Fellowship members would also have a mechanism to accelerate proposals requiring urgent consideration.
The changes strengthen ENJ’s role in governance, although the much higher deposit requirement could discourage some participants from submitting proposals.
Network security is another area receiving changes. Validators could be penalized through slashing for losing parachain disputes, while the GRANDPA authority limit would rise from 32 to 100 to support a larger validator set. The changelog does not quantify how these changes are expected to affect network security or performance.
XCM and Cross-Chain Functionality
Fort Canning will add new XCM APIs that enable wallets to simulate transactions and estimate associated costs before submitting them. Teleport will continue to be used for ENJ transfers between the Relaychain and Matrixchain.
More predictable cost information could make cross-chain integration easier for developers and service providers. However, the addition itself does not guarantee higher cross-chain transaction volumes.
The broader significance for ENJ therefore depends on actual usage. Governance and interoperability improvements expand the token’s role within the ecosystem, but neither feature alone demonstrates increased demand.
Marketplace Updates
The proposed changes also cover marketplace and multi-token functionality across both chains.
On the Relaychain, the marketplace will support sENJ and the Degens collection. ENJ auction bids will move into escrow after they are submitted, while bids placed before the upgrade will continue to follow the settlement rules already in place.
Matrixchain will receive more flexible listing functionality. When an offer reaches the seller’s asking price, a sale can be completed in a single transaction. Sellers will also be able to accept offers partially, while expired listings will be settled on-chain every block rather than through off-chain processes.
NFT Lending
The upgrade introduces fixed-term NFT lending, with borrowed tokens automatically returned once the agreed period ends. During the loan, borrowers can use the NFTs but cannot transfer, burn or list them elsewhere.
NFTs created before the upgrade will generally remain ineligible for lending unless their collection owner enables the feature. The system is geared toward rentals and trial periods rather than collateralized NFT lending.
The changes could improve marketplace flexibility, but they also introduce limitations. Matrixchain bids will carry higher costs because assets are placed in escrow, while Relaychain lending will primarily cover tokens created after the upgrade.
Most importantly, the changelog contains no adoption statistics or post-launch performance data. Until those figures become available, marketplace activity, cross-chain usage and actual ENJ demand will be more useful indicators of whether Fort Canning delivers meaningful economic value than the upgrade itself.
