The Ethereum Foundation has officially announced that Devcon 8, the flagship global gathering for Ethereum builders, researchers, and creators, will be held in Mumbai, India in Q4 2026.
Why India was chosen for Devcon 8
Foundation officials explained that India will welcome the world's newest crypto developers in 2024 and is emerging as a global leader in crypto adoption. This surge has made India one of the fastest growing development hubs, driven by a young, tech-savvy population and strong grassroots community.
The decision to bring Devcon to Mumbai was also influenced by the strength of India’s local Ethereum ecosystem. Community-driven initiatives like EthMumbai, Devfolio, and major global projects like Polygon have transformed the country into a Web3 innovation powerhouse. These groups have consistently cultivated hackathons, builder programs, and developer training pipelines that have generated thousands of new contributors to the Ethereum ecosystem.
According to the Ethereum Foundation, India's growth is not driven by institutions or government mandates. Instead, it has come about through organic, community-driven expansion, making it one of the most authentic and energetic Web3 environments in the world.
A big moment for the Indian crypto ecosystem
The hosting of Devcon 8 marks a major milestone for India, especially as it continues to navigate a challenging regulatory and tax environment. India currently imposes a 30% tax on crypto profits and a 1% TDS on most transactions, forcing many founders to relocate to Dubai or Singapore. Nevertheless, domestic activity remains strong.
Local exchanges such as CoinDCX continue to operate under India's compliance rules, while the government conducts blockchain pilots in several states. The UPI-led e-Rupee CBDC and the rollout of India's extensive digital payments infrastructure demonstrate how blockchain innovation is expanding even within strict regulations.
Global community looks to Mumbai
The Ethereum Foundation also thanked the Devconnect organizers in Argentina and invited the global community to gather in Mumbai in 2026. Organizers explained that Devcon is both a home for long-time Ethereum builders and a gateway for newcomers wanting to explore the ecosystem.
With India currently leading in developer onboarding and cryptocurrency adoption, Devcon 8 is expected to be one of the most important editions of the event. The foundation believes this move will help further Ethereum's global growth and strengthen collaboration between Indian builders and the Web3 community around the world.
