MLN
Enzyme
MLN

Enzyme price

in USD
$7.524
+$0.432 (+6.09%)
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Market cap
$22.58M
Circulating supply
3M / 3M
All-time high
$234.5
24h volume
$2.49M
3.6 / 5
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About Enzyme

MLN (Enzyme) is a cryptocurrency that powers a decentralized platform for managing digital assets. Built on blockchain technology, Enzyme allows users to create, manage, and invest in tokenized funds without needing deep technical expertise. Its core purpose is to make professional-grade asset management accessible to everyone, securely and transparently. MLN is used within the Enzyme ecosystem to pay for platform fees, participate in governance decisions, and incentivize network participants. The project has evolved over the years into a key infrastructure for tokenized finance, enabling users to build custom investment strategies as easily as creating a social media profile. For newcomers, MLN represents an opportunity to engage with decentralized finance (DeFi) in a user-friendly way while maintaining control over their assets.
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Enzyme’s price performance

Past year
-55.56%
$16.93
3 months
+7.47%
$7.00
30 days
-11.78%
$8.53
7 days
-5.54%
$7.97

Enzyme on socials

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Pairs with BB OverBought/OverSold in the last 1h $ASTER $SANTOS $B2 $MYX $DEEP $XPIN $WAL $DOLO $MLN $BEL $ROSE $ONE $PYTH $BOME $POPCAT $BEAMX $SUSHI $TAKE $1000FLOKI
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Chromie Squiggle #4239 by @ArtOnBlockchain acquired for 4.99 ETH ($19,853.76) view:
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Enzyme FAQ

Enzyme is a decentralized asset management protocol built on the Ethereum blockchain. It provides a platform for asset managers and traders to efficiently manage portfolios through automated functions like trading and reporting. Enzyme leverages blockchain technology and smart contracts to streamline asset management processes, reducing costs and increasing transparency and accessibility for users.

MLN token holders can participate in the decision-making process by voting on proposals and changes to the Enzyme protocol. By staking MLN, users can also earn rewards for securing the network and participating in the governance process. Additionally, MLN can be used to pay transaction fees within the Enzyme ecosystem. Finally, holding MLN grants users access to premium features and exclusive offerings within the Enzyme platform.

Easily buy MLN tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal offers the MLN/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for MLN with zero fees and no price slippage by using OKX Convert.

Currently, one Enzyme is worth $7.524. For answers and insight into Enzyme's price action, you're in the right place. Explore the latest Enzyme charts and trade responsibly with OKX.
Cryptocurrencies, such as Enzyme, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Enzyme have been created as well.
Check out our Enzyme price prediction page to forecast future prices and determine your price targets.

Dive deeper into Enzyme

Enzyme (MLN) is a decentralized finance (DeFi) project reshaping the landscape of asset management. Built on Ethereum, Enzyme empowers both individuals and institutions to seamlessly create, manage, and have a stake in decentralized funds. By leveraging the power of blockchain technology, Enzyme provides enhanced security, transparency, and accessibility to the world of asset management.

What is Enzyme

Enzyme is an on-chain, decentralized asset management protocol that operates on the Ethereum blockchain. It is designed to offer asset managers and traders a seamless and efficient platform for interacting and managing portfolios. By harnessing the capabilities of blockchain technology and smart contracts, Enzyme automates key functions such as trading, reporting, and settlement.

The decentralized protocol ensures that asset management activities are conducted directly on the blockchain, eliminating the need for intermediaries. This enhances transparency, reduces costs and entry barriers, and increases efficiency in portfolio management. Asset managers can create and customize strategies while traders gain access to a wide range of portfolio options.

The Enzyme team

Enzyme was co-founded by Mona El Isa and Reto Trinkler, both of whom have extensive experience in the financial and blockchain industries. Mona El Isa, a former Goldman Sachs trader, recognized the need for a decentralized asset management platform that could democratize trading opportunities and eliminate traditional intermediaries and high barriers to entry. Reto Trinkler, an entrepreneur and blockchain expert, shared her vision. Together, they created Enzyme, assembling a team of talented developers and industry professionals.

How does Enzyme work

Enzyme leverages the power of smart contracts to provide a transparent and secure platform for asset management. Enzyme’s web portal includes a unique system that allows users to have a stake in funds or portfolios created by other Enzyme members.

The protocol is structured into two primary layers: the fund layer and the infrastructure layer. In the fund layer, users launch and manage funds that others can participate in. Central to this layer is "The Hub," which equips users with essential tools for setting up and monitoring individual funds.

The infrastructure layer, on the other hand, oversees the execution of infrastructure contracts. This includes an "adapter" contract that links assets to price feeds and a "price source" contract that interacts with price feeds to provide accurate rates to platform users.

Enzyme’s native token: MLN

MLN is the native token of the Enzyme ecosystem. It serves multiple purposes within the platform, including governance, fee payment, and staking rewards. MLN holders have the power to vote on proposals and make decisions that shape the future development of the Enzyme protocol. Furthermore, fees generated from fund activities, such as management and performance fees, are paid in MLN.

MLN tokenomics

The total supply of MLN tokens is fixed at 1.25 million. The distribution of MLN tokens occurred through various channels, including a token sale, community initiatives, and partnerships. The token sale aimed to raise funds for the development of the Enzyme protocol, ensuring its sustainability and growth. A portion of the MLN tokens was allocated to incentivize and reward early adopters, developers, and ecosystem participants.

MLN use cases

Within the Enzyme community, MLN can be used for governance purposes, allowing token holders to participate in decision-making processes, vote on proposals, and influence the direction of the protocol.

MLN is also used for fee payments associated with various fund activities, including management and performance fees. By utilizing MLN for fee payments, Enzyme establishes a sustainable revenue model for the protocol.

Distribution of MLN

MLN is distributed as follows:

  • 40 percent was sold to public token sale participants.
  • 8 percent was designated for the Melonport AG.
  • 14.7 percent was reserved as developer incentives.
  • 12 percent was allotted to the founders, advisors, and partners of the project.
  • 25.3 percent was unallocated and subsequently burned.

Enzyme and the future of asset management

Enzyme is revolutionizing the asset management industry by leveraging blockchain technology to create a decentralized, transparent, and efficient platform. The Enzyme team, led by Mona El Isa and Reto Trinkler, has developed a robust protocol that allows individuals and institutions to create and manage decentralized funds.

The MLN token serves as the backbone of the Enzyme ecosystem, providing governance rights, fee payment capabilities, and staking rewards. With its innovative approach to asset management and a strong team driving its development, Enzyme has the potential to reshape the financial landscape and empower a new generation of traders.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Enzyme
Consensus Mechanism
Enzyme is present on the following networks: Ethereum, Polygon. The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency. Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum that employs a hybrid consensus mechanism. Here’s a detailed explanation of how Polygon achieves consensus: Core Concepts 1. Proof of Stake (PoS): Validator Selection: Validators on the Polygon network are selected based on the number of MATIC tokens they have staked. The more tokens staked, the higher the chance of being selected to validate transactions and produce new blocks. Delegation: Token holders who do not wish to run a validator node can delegate their MATIC tokens to validators. Delegators share in the rewards earned by validators. 2. Plasma Chains: Off-Chain Scaling: Plasma is a framework for creating child chains that operate alongside the main Ethereum chain. These child chains can process transactions off-chain and submit only the final state to the Ethereum main chain, significantly increasing throughput and reducing congestion. Fraud Proofs: Plasma uses a fraud-proof mechanism to ensure the security of off-chain transactions. If a fraudulent transaction is detected, it can be challenged and reverted. Consensus Process 3. Transaction Validation: Transactions are first validated by validators who have staked MATIC tokens. These validators confirm the validity of transactions and include them in blocks. 4. Block Production: Proposing and Voting: Validators propose new blocks based on their staked tokens and participate in a voting process to reach consensus on the next block. The block with the majority of votes is added to the blockchain. Checkpointing: Polygon uses periodic checkpointing, where snapshots of the Polygon sidechain are submitted to the Ethereum main chain. This process ensures the security and finality of transactions on the Polygon network. 5. Plasma Framework: Child Chains: Transactions can be processed on child chains created using the Plasma framework. These transactions are validated off-chain and only the final state is submitted to the Ethereum main chain. Fraud Proofs: If a fraudulent transaction occurs, it can be challenged within a certain period using fraud proofs. This mechanism ensures the integrity of off-chain transactions. Security and Economic Incentives 6. Incentives for Validators: Staking Rewards: Validators earn rewards for staking MATIC tokens and participating in the consensus process. These rewards are distributed in MATIC tokens and are proportional to the amount staked and the performance of the validator. Transaction Fees: Validators also earn a portion of the transaction fees paid by users. This provides an additional financial incentive to maintain the network’s integrity and efficiency. 7. Delegation: Shared Rewards: Delegators earn a share of the rewards earned by the validators they delegate to. This encourages more token holders to participate in securing the network by choosing reliable validators. 8. Economic Security: Slashing: Validators can be penalized for malicious behavior or failure to perform their duties. This penalty, known as slashing, involves the loss of a portion of their staked tokens, ensuring that validators act in the best interest of the network.
Incentive Mechanisms and Applicable Fees
Enzyme is present on the following networks: Ethereum, Polygon. The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity. Polygon uses a combination of Proof of Stake (PoS) and the Plasma framework to ensure network security, incentivize participation, and maintain transaction integrity. Incentive Mechanisms 1. Validators: Staking Rewards: Validators on Polygon secure the network by staking MATIC tokens. They are selected to validate transactions and produce new blocks based on the number of tokens they have staked. Validators earn rewards in the form of newly minted MATIC tokens and transaction fees for their services. Block Production: Validators are responsible for proposing and voting on new blocks. The selected validator proposes a block, and other validators verify and validate it. Validators are incentivized to act honestly and efficiently to earn rewards and avoid penalties. Checkpointing: Validators periodically submit checkpoints to the Ethereum main chain, ensuring the security and finality of transactions processed on Polygon. This provides an additional layer of security by leveraging Ethereum's robustness. 2. Delegators: Delegation: Token holders who do not wish to run a validator node can delegate their MATIC tokens to trusted validators. Delegators earn a portion of the rewards earned by the validators, incentivizing them to choose reliable and performant validators. Shared Rewards: Rewards earned by validators are shared with delegators, based on the proportion of tokens delegated. This system encourages widespread participation and enhances the network's decentralization. 3. Economic Security: Slashing: Validators can be penalized through a process called slashing if they engage in malicious behavior or fail to perform their duties correctly. This includes double-signing or going offline for extended periods. Slashing results in the loss of a portion of the staked tokens, acting as a strong deterrent against dishonest actions. Bond Requirements: Validators are required to bond a significant amount of MATIC tokens to participate in the consensus process, ensuring they have a vested interest in maintaining network security and integrity. Fees on the Polygon Blockchain 4. Transaction Fees: Low Fees: One of Polygon's main advantages is its low transaction fees compared to the Ethereum main chain. The fees are paid in MATIC tokens and are designed to be affordable to encourage high transaction throughput and user adoption. Dynamic Fees: Fees on Polygon can vary depending on network congestion and transaction complexity. However, they remain significantly lower than those on Ethereum, making Polygon an attractive option for users and developers. 5. Smart Contract Fees: Deployment and Execution Costs: Deploying and interacting with smart contracts on Polygon incurs fees based on the computational resources required. These fees are also paid in MATIC tokens and are much lower than on Ethereum, making it cost-effective for developers to build and maintain decentralized applications (dApps) on Polygon. 6. Plasma Framework: State Transfers and Withdrawals: The Plasma framework allows for off-chain processing of transactions, which are periodically batched and committed to the Ethereum main chain. Fees associated with these processes are also paid in MATIC tokens, and they help reduce the overall cost of using the network.
Beginning of the period to which the disclosure relates
2024-09-26
End of the period to which the disclosure relates
2025-09-26
Energy report
Energy consumption
112.11160 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) ethereum, polygon is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
$22.58M
Circulating supply
3M / 3M
All-time high
$234.5
24h volume
$2.49M
3.6 / 5
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