INJ FET ADA Down 80% From Peaks Amid Market Shifts

INJ, FET, and ADA, three prominent tokens in the blockchain space, are still trading at a significant discount from their peak prices, nearly four years after reaching their respective highs. Each of these tokens played a pivotal role in blockchain innovation, with INJ (Injective) leading in decentralized finance, FET (Fetch.ai) in artificial intelligence, and ADA (Cardano) in smart contract platforms. However, investor interest has waned amid broader market shifts, leaving these tokens struggling to regain their former glory.

Injective (INJ), a decentralized derivatives protocol, was once celebrated for its innovative on-chain trading infrastructure. Its model, which combined order book dynamics with interoperability across chains, was considered revolutionary. However, as of June 2025, INJ is trading roughly 80% below its all-time high. Despite consistent protocol upgrades and developer activity, trading volumes across the Injective ecosystem remain subdued. Analysts note that the lack of renewed interest from institutional or retail users continues to weigh down INJ’s recovery. Additionally, the broader decline in derivatives token trading activity has muted the token’s speculative potential.

Fetch.ai (FET), another groundbreaking project in blockchain-AI, failed to keep pace with newer AI narratives in the crypto space. The token grew excessively during the early part of the AI mania in 2023, with decentralized machine learning and automation being the trending keywords. However, despite real-world partnerships and the addition of new ecosystem members, FET has traced back immensely and remains near 80% from its all-time high. Industry observers note that while Fetch.ai is still improving technically, other more recent coins with similar AI integration have soaked up more of the recent speculative trading volumes. FET’s former sole dominance in the market has come under threat, and traders remain uncertain whether its infrastructure will continue to stand the test.

Cardano (ADA), once a premier smart contract platform and Ethereum competitor, has also seen a significant fall from its all-time high near $3. After years of development and the eventual launch of smart contracts on its mainnet, ADA’s price still sits around 80% below that peak. Observers attribute ADA’s sluggish price action to a combination of delayed dApp adoption, low DeFi TVL compared to competitors, and shifting investor focus toward faster-developing Layer-1s like Solana and Avalanche. While the Cardano Foundation continues to expand globally and improve scalability with Hydra and Mithril updates, these advances have not translated into significant capital inflows. As of now, ADA’s recovery hinges on both stronger technical delivery and renewed market sentiment.

A full recovery for INJ, FET, and ADA will depend on project-specific growth and favorable macro conditions, which currently remain mixed. The tokens' ability to regain their former heights will be contingent on their respective projects' ability to innovate and adapt to the ever-changing landscape of the blockchain industry.