August 2024 Chains ReportAuthor: Stella L (stella@footprint.network) Data Source: Footprint Analytics Chains Research Page August saw significant turbulence in the cryptocurrency market, with Bitcoin and Ether both facing sharp declines. Layer 1 blockchains experienced a market-wide downturn, though Tron stood out with strong growth. In the Bitcoin Layer 2 space, there was impressive expansion, as TVL surged across scaling solutions. Meanwhile, Ethereum Layer 2 networks continued to evolve, w...