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Ecosystem Expansion

Definition

Ecosystem expansion refers to the growth and diversification of a blockchain network’s components, applications, and user base. This process involves the development of new decentralized applications (dApps), the integration of new functionalities, and the attraction of more developers and end-users to the platform. A thriving ecosystem is characterized by increasing utility and a broad range of services accessible to participants. Such growth is crucial for a blockchain’s long-term sustainability and adoption.