Latin America’s Crypto Market Booms: Ethereum Drives Record Growth

Latin America has experienced a surge in cryptocurrency adoption over the past four years, with Ethereum, Tron, Solana, and Polygon leading the charge in trading activity on regional exchanges. According to Dune Analytics, which analyzed data from January 2021 to August 2025, trading volumes through Latin American-based exchanges surged ninefold from 2021 to 2024, reaching $27 billion. This growth is driven by a number of factors including the expansion of decentralized finance (DeFi) applications and increasing institutional interest in cryptocurrencies.