LATAM Crypto Traffic 9x to $27B; Bitso Commands 93%
Dune Research reports LATAM crypto traffic rose from $3 billion in 2021 to $27 billion in 2024, a ninefold increase. This LATAM crypto traffic surge was led by Bitso, handling $25.2 billion for a 93% share. Mercado Bitcoin and Lemon Cash also saw volume gains, highlighting a shift to real-world use cases. On-chain, Ethereum totalled $45.5 billion (75% of flows) through July 2025, followed by Tron at $12.5 billion driven by USDT transfers. Solana and Polygon recorded $1.45 billion and $1.17 billion respectively, benefiting from lower fees and faster settlement. Adoption is fueled by economic instability, high inflation and demand for affordable remittances, while local platforms enhance financial inclusion. Regulatory uncertainty and crypto volatility pose risks. Traders should track regional policies and market sentiment as LATAM crypto traffic expansion presents new trading opportunities.
Bullish
The ninefold surge in LATAM crypto traffic signals robust demand and liquidity across major blockchains—especially Ethereum and Tron—driven by real-world use cases like remittances and cross-border payments. In the short term, increased volume on Ethereum (75% of flows) and USDT transfers on Tron should support price stability and reduce spreads. Over the longer term, sustained adoption in Latin America can boost network effects, attract institutional interest and underpin bullish momentum for ETH, TRX, SOL and MATIC despite regulatory uncertainties.