According to a report by consultancy firm Sherlock Communications, developers in Latin America are focusing on existing blockchain ecosystems like Ethereum and Polygon rather than launching new protocols.
Development within Established Ecosystems
The study included qualitative inputs from 85 developers in Bolivia, Mexico, Brazil, and Peru and demonstrated that the region’s builders value transparency, coordination, and compliance. They prefer intuitive tools, strong documentation, and proven platforms. According to Luiz Eduardo Abreu Hadad, a blockchain consultant, "Latin America has a growing and increasingly skilled developer community focused on solving real-world issues."
Transaction Data in Latin America
On-chain data analysis indicated that Ethereum accounted for more than 75% of transactions in the region from June 2024 to June 2025. Polygon represented 11% of total activity, continuing to gain traction in Latin America.
Future Development Directions
Emerging developers in Latin America, such as students and hackathon participants, are positioning themselves to create decentralized applications (DApps) and real-world asset (RWA) tokenization. They seek stable ecosystems and aim to address trust and transparency challenges.
Thus, Latin America is becoming a significant hub for technology development and adoption focusing on existing ecosystems while also showing potential for new initiatives.
