Assessing whether a public chain is reliable isn't just about looking at how high TPS can go. The real test is: Is the market structure solid enough? Can it remain stable during bull and bear transitions and extreme market conditions?

Currently, most chains face the problem that — the market is too "flat." Price, risk, liquidity—these are often only effective within certain time windows. When market volatility spikes or cycles extend slightly, the entire system starts to struggle, either experiencing liquidity depletion or price distortion. Assets no longer exhibit deep interconnections, let alone supporting complex financial product construction.

Injective is doing something a little different—it’s attempting to build a "multi-scale market structure." What does that mean? It means that whether you’re looking at second-level K-lines, hourly trends, or long-term cycles, this system can keep prices coherent, risks orderly dispersed, liquidity flowing reasonably, and execution stable and reliable.

How is this achieved? It can be broken down into several key points:

**Prices will not "break apart"**
Short-term prices are determined by the depth of the perpetual contract order book, medium-term trends are absorbed by index products, and long-term value is reflected in structured asset portfolios. These different temporal price signals are not isolated; they are anchored and calibrated against each other. As a result, the price system is less likely to tear or distort, providing a reliable reference for pricing complex derivatives.

**Risks are "layered and absorbed"**
Traditional on-chain protocols tend to collapse entirely when facing black swan events. Injective’s approach is to handle risks at different levels: short-term sharp fluctuations are borne by the perpetual contract market, medium-term risks are smoothed by index products, and longer cycles or tail extreme risks are further diluted through structural design.

This multi-layered approach essentially lays a foundation for serious financial applications. It’s not about flashy technology, but about market architecture inherently possessing resilience against complex scenarios.