ADI is an institutional blockchain infrastructure token launched in December 2025, tied to ADI Chain—an Ethereum Layer 2 designed for government, enterprise, and regulated financial use cases. The token trades at $5.51 with a market capitalization of $690.5M and a fully diluted valuation (FDV) of $5.51B. The investment case presents a compelling institutional narrative backed by credible team execution and visible partnerships, but is offset by early-stage adoption, significant supply dilution risk, and valuation that appears to run ahead of proven on-chain usage metrics.