Latin American devs favor Ethereum and Polygon over new chains: Report

5 hours ago

Latin America’s developer assemblage is progressively focused connected gathering wrong established blockchain ecosystems similar Ethereum and Polygon alternatively than launching caller base-layer protocols, according to a study by consultancy steadfast Sherlock Communications.

The study, which included qualitative inputs from 85 developers successful Bolivia, Mexico, Brazil and Peru, showed that the region’s builders attraction astir transparency, coordination and compliance. The devs favour intuitive tools, beardown documentation and proven way records, making networks similar Ethereum and Polygon a bully fit.

Luiz Eduardo Abreu Hadad, blockchain advisor and researcher astatine Sherlock Communications, told Cointelegraph that Latin American devs basal retired due to the fact that they amusement “strong method maturity” and absorption connected real-world issues.

“Latin America has a growing, progressively skilled developer community,” Hadad told Cointelegraph. However, portion the devs are susceptible of creating caller platforms, helium said that the “current reality” is that the portion volition beryllium a hub for improvement and adoption wrong already established ecosystems.

Ethereum recorded 75% of wallet transactions successful Latin America

The report’s onchain information investigation supported the trend. After analyzing 697,000 blockchain transactions tagged to wallets identified arsenic being successful Latin America, the researchers recovered that Ethereum accounted for much than 75% of tagged transactions successful the portion betwixt June 2024 and June 2025.

Meanwhile, Polygon represented 11% of the full enactment implicit the aforesaid period. Polygon continues to spot adoption successful the region, with the web astir doubling its enactment to 20% successful June 2025.

Despite being drawn to established ecosystems, Hadad told Cointelegraph that determination are section initiatives with planetary potential.

He said that tokenization projects and nationalist blockchain infrastructures similar Núclea Chain and RBB successful Brazil bespeak that the portion besides has the capableness to make caller ecosystems.

Next procreation of devs to absorption connected DApps, RWAs

When asked astir what the adjacent procreation of Latin American developers, similar students oregon hackathon entrants, are positioning themselves for successful the coming years, Hadad pointed to decentralized applications (DApps) and real-world plus (RWA) tokenization.

He said that newer devs are funny successful DApps that tin reshape societal media oregon the creator economy. Hadad besides said that proviso concatenation traceability, DePIN and RWAs captured the involvement of the adjacent procreation of developers.

“They look for unchangeable ecosystems, intuitive tools, and sustainable economical incentives, focusing connected solving existent problems astir trust, transparency, and usability,” Hadad told Cointelegraph.