Report: Latin American developers prefer Ethereum and Polygon over new chains

According to ChainCatcher, a report by consulting firm Sherlock Communications shows that the Latin American developer community is increasingly inclined to develop within mature blockchain ecosystems such as Ethereum and Polygon rather than launching new base layer protocols. The study included qualitative feedback from 85 developers in Bolivia, Mexico, Brazil and Peru, and the results showed that developers in the region focused on transparency, coordination and compliance. They prefer intuitive tools, well-documented documentation and proven track record, so networks like Ethereum and Polygon are perfect for them. On-chain data analysis in the report supports this trend. After analyzing 697,000 blockchain transactions related to Latin American wallets, the researchers found that between June 2024 and June 2025, Ethereum accounted for more than 75% of tag transactions in the region. Meanwhile, during the same period, Polygon accounted for 11% of the total activity. Polygon's adoption rate in the region continues to rise, with activity nearly doubled to 20% in June 2025.