INJ, FET, and ADA are still trading at a steep discount from their peak prices, nearly four years after their respective highs.
Each token played a key role in blockchain innovation, but investor interest has cooled amid broader market shifts.
A full recovery will depend on project-specific growth and favorable macro conditions, which currently remain mixed.
INJ (Injective), FET (Fetch.ai), and ADA (Cardano) were once hailed as game-changing assets within the blockchain space. They each had a unique value proposition, holding their ground in past bull runs as unchallenged leaders in decentralized finance, artificial intelligence, and smart contract scalable platforms. However, as of late June 2025, all three remain near 80% below their all-time highs. Despite market stabilization and occasional bursts of higher prices, none of them have been able to fill the gap to their higher peak levels.
Injective (INJ): INJ Struggles Despite Market Structure Improvements
Current Price:$10.41
Market Cap:$1.04B
Injective (INJ), a decentralized derivatives protocol, made headlines during the DeFi boom for its innovative on-chain trading infrastructure. Its model, which integrated order book dynamics with interoperability across chains, was labeled revolutionary at the time. 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. While the team has delivered on several technical milestones, including fee optimization and new product modules, these have not translated into increased price action. Analysts note that the lack of renewed interest from institutional or retail users continues to weigh down INJ’s recovery. In addition, the broader decline in derivatives token trading activity has muted the token’s speculative potential.
Fetch.ai (FET): FET Lags Behind AI Trend Momentum
Current Price:$0.000115
Fetch.ai (FET), also claimed as a 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 actual-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) Remains One of the Biggest Laggards in Layer-1 Space
Current Price:$0.5626
Market Cap:$19.89B
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. The token has failed to gain the momentum many had expected, especially considering the scope of its ecosystem upgrades and governance proposals.
https://twitter.com/oct_gems/status/1939744638488953222
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.
