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Latin American Devs Favor Building on Ethereum, Polygon Over New Blockchains

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Developers throughout Latin America are more and more selecting to construct on well-established blockchains like Ethereum and Polygon moderately than launching new base-layer protocols, based on a new report from consultancy firm Sherlock Communications.

Key Takeaways:

  • Latin American builders favor constructing on established blockchains like Ethereum and Polygon.
  • Ethereum dominates regional exercise with over 75% of transactions, whereas Polygon’s share has almost doubled to twenty%.
  • Despite their essential position, Ethereum core builders earn 50–60% lower than market charges, with restricted entry to fairness or token incentives.

The examine surveyed 85 builders from Bolivia, Mexico, Brazil, and Peru, and located that transparency, ease of use, and regulatory alignment have been key priorities.

Developers within the area worth robust documentation, intuitive tooling, and confirmed networks, qualities that Ethereum and Polygon are identified for.

Latin America’s Blockchain Devs Show “Strong Technical Maturity”

Luiz Eduardo Abreu Hadad, a blockchain researcher at Sherlock Communications, stated the area’s builders present “robust technical maturity” and are targeted on fixing real-world issues.

“Latin America has a rising, more and more expert developer group,” he famous, including that whereas native devs are able to constructing fully new platforms, the present focus stays on increasing inside already trusted ecosystems.

Onchain knowledge backs up the pattern. Sherlock’s evaluation of 697,000 transactions tied to wallets in Latin America revealed that Ethereum accounted for over 75% of blockchain exercise between June 2024 and June 2025.

Polygon adopted, rising from 11% to twenty% of the area’s tagged exercise by June 2025.

Projects like Brazil’s Núclea Chain and RBB reveal that Latin America additionally has the potential to construct nationwide infrastructure and globally related platforms.

Meanwhile, a brand new report by Protocol Guild reveals that Ethereum core builders are earning significantly below market rates, regardless of being accountable for sustaining the safety and performance of the world’s second-largest blockchain.

The survey, which gathered responses from 111 contributors, exhibits that median base salaries are round $140,000, roughly 50% to 60% decrease than comparable roles within the personal sector, the place presents common $359,000.

Crypto Adoption in Latin Amercia Grows

Cryptocurrency adoption in Latin America continues to develop, with Bitso reporting a 12% increase in regional users in 2024.

A notable shift towards diversified portfolios is rising, as 38% of customers now maintain a minimum of three completely different cryptocurrencies.

Economic instability has additionally pushed up demand for stablecoins, which accounted for 39% of all crypto purchases, up from 30% the earlier 12 months, whereas Bitcoin’s share dropped to 22%, reflecting a rising “HODL” mindset.

Beyond stablecoins, speculative curiosity in meme cash is rising. PEPE and Dogecoin each noticed elevated buy volumes, whereas XRP made a comeback, accounting for 9% of complete purchases.

Ethereum and Solana held regular with smaller shares, displaying constant curiosity. Meanwhile, the demographic base of crypto traders is increasing, with older age teams (45–64) growing their participation, although 25–34-year-olds nonetheless lead in total exercise.

Advanced buying and selling can also be on the rise. Bitso Alpha, the alternate’s professional platform, matched transaction ranges seen on the beginner-friendly Bitso Classic.

In December 2024, Alpha customers averaged 32 trades every, signaling a rising urge for food for strategic buying and selling and better monetary literacy amongst Latin American crypto traders.

The publish Latin American Devs Favor Building on Ethereum, Polygon Over New Blockchains appeared first on Cryptonews.

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