Injective Investment Calculator
What would buying INJ have been worth? Pick a plan and a start date and this replays it against real daily Injective closes.
What INJ actually did, in the data this page replays
Measured from the 2,154 daily closes this page replays — 21 October 2020 to 13 September 2026, from Binance. Figures are bounded by that window, not by the asset’s whole life.
| History available | 5 years and 11 months (from Binance) |
|---|---|
| Bought on the first day, held to the last | 7.53× |
| Highest close in this window | $51.85 on 12 March 2024 |
| Where it sits against that high | 88.7% below |
| Deepest fall | −94.7%, 29 April 2021 → 12 July 2022 |
| Time to get back to that peak | 17 months after the low — 11 December 2023 |
| Separate falls of 50% or more | 2 |
| Days spent more than 20% below a previous peak | 89.9% |
| Best calendar year | 2023: +2,706.5% |
| Worst calendar year | 2022: -85.1% |
| Annualised volatility | 127.3% |
INJ year by year
First close to last close each year. 2020 and 2026 are partial — the data starts mid-2020 and 2026 is still running.
| Year | Change | Note |
|---|---|---|
| 2020 | +418.8% | partial year |
| 2021 | +102% | |
| 2022 | -85.1% | worst full year |
| 2023 | +2,706.5% | best full year |
| 2024 | -50.6% | |
| 2025 | -79.6% | |
| 2026 | +29.6% | partial year |
The part the calculator does not show you
Held from the first day in this data to the last, INJ returned 7.53×. That headline is the easy part. The number underneath it is that the position spent 89.9% of all days more than 20% below a previous peak — so for most of the time you owned it, you were looking at a figure lower than one you had already seen.
The deepest fall took INJ down 94.7%, from $22.19 on 29 April 2021 to $1.17 on 12 July 2022 — 14 months of falling. Getting back to that peak took a further 17 months, reached on 11 December 2023. Add those together and the round trip was 2 years and 7 months — the length of time someone who bought at the top had to hold before they were merely even again.
At 127.3% annualised volatility, INJ sits in the top band of anything on this site — the drawdown figures above, not the average, are the number to plan around. All INJ calculators →
Frequently asked questions
＋Would buying INJ on the first day of this data and holding have made money?
Yes — 7.53× from 21 October 2020 to 13 September 2026. The figure is real but it is also the single luckiest entry available in this window, and it required holding through a fall of 94.7% on the way. Set the calculator to a date you might plausibly have chosen instead and the answer usually changes a great deal.
＋What is the worst INJ has fallen?
94.7% in this data, from 29 April 2021 down to 12 July 2022 — 14 months of falling. It took a further 17 months to get back to that peak, on 11 December 2023, so the full round trip was 2 years and 7 months. Bear in mind our INJ series starts in 2020; a deeper fall before that date would not appear here.
＋How often does INJ lose half its value?
2 separate falls of 50% or more appear in this data, and the position spent 89.9% of all days more than 20% below a previous peak. A drop of that size is not an exceptional event for this asset — it is a recurring feature of the record, which is the thing to size a position around.
＋What were INJ's best and worst years?
2023 was the best at +2,706.5%, and 2022 the worst at -85.1%. The gap between those two is the reason a single average annual return is a poor description of this asset: almost nobody experiences the average, they experience one of the two extremes depending on when they bought.
＋Is 5 years and 11 months of data enough to trust this backtest?
Reasonably. 5 years and 11 months spans roughly one full cycle for INJ — enough for the drawdown figure to mean something, not enough to call it a pattern. The assets here with a decade or more behind them support firmer conclusions.
What to keep in mind for INJ
INJ has a small supply relative to its market cap, which cuts both ways: rallies are sharp, and so are the reversals.
Trading on Injective is unusually cheap because order placement and cancellation are gasless — fees are charged on execution instead.
A backtest is one path that already happened. It shows what this plan produced through the exact sequence of prices INJ went through — not what a similar plan will produce through a sequence nobody has seen yet.