Cryptocurrencies have disrupted the financial world and created opportunities for businesses to raise capital. However, not all cryptocurrencies have been successful, and identifying the critical factors for success is essential. Many successful cryptocurrencies have established ecosystems and partnerships with leading companies. The purpose of this article is to explore the strategies for building an ecosystem of cryptocurrencies to promote their development and adoption. By examining successful cases and identifying the associated technological innovations and external partnerships, this study aims to provide empirical evidence and insights into the proliferation of cryptocurrencies.
Li, Gerrard; Au, Cheuk Hang; and Ho, Kevin K. W., "Developmental Strategies of Proliferating Cryptocurrencies – A Case Study on Solana" (2023). Digit 2023 Proceedings. 11.