A report by Sherlock Communications indicates that Latin American developers increasingly prefer established blockchain ecosystems like Ethereum and Polygon rather than creating new base-layer protocols. The study gathered insights from 85 developers across Bolivia, Mexico, Brazil, and Peru, revealing that transparency, coordination, and compliance are top priorities for these developers. They favor tools with strong documentation and proven reliability, making Ethereum, which dominated with 75% of regional wallet transactions, and Polygon, accounting for 11%, attractive options. Despite this inclination towards established networks, consultant Luiz Eduardo Abreu Hadad noted that local initiatives, including tokenization projects and national blockchain infrastructures, demonstrate the region’s potential for developing new ecosystems. He also highlighted the interest of new developers in decentralized applications (DApps) aimed at reshaping social media and the creator economy, focusing on real-world asset tokenization and supply chain traceability.

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