Latin American developers bet on Ethereum

The study analyzed 697,000 transactions from wallets identified as belonging to users in Latin America. Of these, 75% of transactions were conducted on the Ethereum network. Polygon accounted for about 11%, with activity on this network nearly doubling by June 2025, reaching approximately 20% per month compared to previous periods.

As in past years, Brazil, Argentina, and Mexico remain the leading countries in Web3 adoption.

The research also included a supplementary survey of 85 developers from Bolivia, Mexico, Colombia, and Peru. It showed that respondents value transparency, well-structured documentation, established coordination mechanisms, and regulatory compliance. These are the qualities they believe distinguish the Ethereum and Polygon ecosystems.

The study notes that growing interest among the new generation of developers (particularly students, freelancers, and hackathon participants) in building decentralized applications capable of changing the media market and the creator economy.

There is also high interest in the tokenization of Real-World Assets (RWA), projects in the field of supply chain tracking (DePIN), and the creation of sustainable economic incentives, as well as native, trustworthy user interfaces. As a result, many regional teams prefer to work on base protocols with existing infrastructure and reliable support rather than create new protocols.

The main drivers of this trend are access to a larger user base, proven development tools, and lower barriers to entry. The last point is especially relevant for early-stage teams across Latin America.