The cryptocurrency analysis platform Nansen is entering the Bitcoin space by partnering with the Bitcoin Layer 2 (L2) network Bitlayer, expanding its capabilities beyond Ethereum.

Nansen has launched Bitcoin (BTC) analysis services for the L2 network Bitlayer, which supports Bitcoin smart contracts and decentralized applications (DApps), providing blockchain data analysis.

As the first Bitcoin L2 network supported by Nansen, Bitlayer will offer its users analytical tools to support and accelerate the development of its ecosystem.

When announcing this news to Cointelegraph, Nansen noted that this partnership marks its entry into the Bitcoin L2 ecosystem.

The company stated that by supporting Bitlayer, Nansen aims to lay the groundwork for a deeper understanding of Bitcoin L2 and more efficient decision-making.

Nansen CEO Alex Svanevik said, "By extending our analytical capabilities to Bitlayer, we aim to support its users and drive further applications in the BTC L2 space. This aligns with our mission to discover signals and create winners."

Nansen announced its partnership with Bitlayer. Source: Nansen

According to Bitlayer co-founder Charlie Hu, Nansen's expertise in on-chain data will help the Bitlayer community gain insights, enabling developers, investors, and users to better understand network dynamics and discover opportunities.

Hu pointed out, "This collaboration strengthens our commitment to building an open, data-driven environment on Bitcoin that supports the innovation and growth of decentralized applications and services."

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