Cryptocurrency analytics platform Nansen is expanding its capabilities beyond ethereum by moving into bitcoin through a partnership with bitcoin's layer 2 (L2) network, Bitlayer.
Nansen is introducing bitcoin (btc) analytics services by delivering blockchain data analytics to Bitlayer, an L2 network that supports smart contracts and decentralized applications (DApps) on bitcoin.
As the first Nansen-backed bitcoin L2 network, Bitlayer will offer its users access to analytics tools designed to support and accelerate the growth of its ecosystem.
Nansen's foray into the btc layer 2 ecosystem
Announcing the news to Cointelegraph, Nansen noted that the partnership marks its foray into the bitcoin L2 ecosystem.
By backing Bitlayer, Nansen plans to build a foundation for deeper bitcoin L2 insights and more efficient decision-making, the company said.
“By extending our analytics capabilities to Bitlayer, we aim to support its users and drive greater adoption within the btc L2 landscape. This aligns with our mission to bring signal to light and create winners,” said Nansen CEO Alex Svanevik.
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According to Bitlayer co-founder Charlie Hu, Nansen's experience in on-chain data will help the Bitlayer community with insights, allowing developers, investors and users to better understand network dynamics and identify opportunities.
“This collaboration strengthens our commitment to building an open, data-driven environment on bitcoin that supports innovation and growth in decentralized applications and services,” Hu said.
