I've been looking into INJ's ecosystem development lately, and honestly, this sector is insanely competitive right now.

Let’s start with user experience—think about it, what do users fear most during major market swings? They’re afraid the platform will lag, afraid of crazy slippage, and worried about fund security. If Injective can nail stability and response speed, it basically addresses users’ core pain points. If they further optimize the interface so it’s not as complicated as traditional financial software, newcomers will be more likely to stick around.

Ecosystem expansion is also pretty interesting. On-chain derivatives trading isn’t a novel concept anymore; the real challenge is diversifying the product lineup—spot, perpetuals, options, and even more complex structured products all need to be covered one by one. More importantly, they have to collaborate deeply with other projects instead of working behind closed doors. If they can achieve true cross-chain interoperability, liquidity will naturally follow.

The technical challenges might be the toughest. The order book system needs continuous optimization since trading efficiency directly determines user experience. Cross-chain interoperability can’t be ignored either; users need to seamlessly switch between different blockchains, which sets high demands on the underlying architecture. If the tech isn’t up to par, everything else is just talk.

Whether INJ can secure a foothold in on-chain finance depends on how well they execute in these areas. There are definitely opportunities, but the competition is fierce.