A comprehensive industry survey by consultancy firm Sherlock Communications reveals that Latin America's blockchain developer community is strongly favoring established ecosystems like Ethereum (ETH) and Polygon (MATIC) over newer, unproven base-layer protocols. The study, which polled 85 developers from Bolivia, Mexico, Brazil, and Peru, demonstrates a clear preference for platforms with proven track records and mature infrastructure.
According to the report, Ethereum remains the dominant network with more than 75% of all tagged wallet activity from June 2024 to June 2025. Polygon has shown significant growth during the same period, increasing its share from 11% to 20% by June 2025. Developers are drawn to these platforms due to their intuitive tools, strong documentation, compliance features, and proven ability to address real-world problems.
Luiz Eduardo Abreu Hadad, blockchain researcher at Sherlock Communications, explained: "Latin America has a growing and increasingly talented developer community. While developers have the capacity to create new platforms, the current reality is that the region will be a hub of development and adoption within already established ecosystems. This is what led them to Ethereum and Polygon."
The research highlights that developers are using these platforms to create decentralized applications (DApps) and address practical challenges such as supply chain tracking and real-world asset tokenization. While the report also mentions developers exploring Arbitrum (ARB), Avalanche (AVAX), Optimism (OP), BNB, and Base networks, Ethereum and Polygon remain the clear favorites due to their technical maturity and focus on solving real-world problems.