Cryptocurrency analytics platform Nansen is increasing its capabilities past Ethereum by transferring into Bitcoin by way of a partnership with the Bitcoin layer-2 (L2) community, Bitlayer. 

Nansen is debuting Bitcoin (BTC) analytics providers by delivering blockchain knowledge analytics to Bitlayer, an L2 community supporting good contracts and decentralized purposes (DApps) on Bitcoin.

As the primary Bitcoin L2 community to be supported by Nansen, Bitlayer will supply its customers entry to analytics instruments designed to assist and speed up progress in its ecosystem.

Nansen’s foray into the BTC layer-2 ecosystem

Asserting the information to Cointelegraph, Nansen famous that the partnership marks its foray into the Bitcoin L2 ecosystem.

By supporting Bitlayer, Nansen plans to construct a basis for deeper Bitcoin L2 insights and extra environment friendly decision-making, the corporate mentioned.

“By extending our analytics capabilities to Bitlayer, we intention to assist its customers and drive additional adoption throughout the BTC L2 panorama. This aligns with our mission to floor the sign and create winners,” Nansen CEO Alex Svanevik mentioned.

Research, Analysis, Partnerships, Layer2

Nansen’s Bitlayer partnership announcement. Supply: Nansen

In response to Bitlayer co-founder Charlie Hu, Nansen’s experience in onchain knowledge will assist Bitlayer’s neighborhood with insights, enabling builders, traders and customers to raised perceive community dynamics and determine alternatives.

“This collaboration strengthens our dedication to constructing an open, data-driven atmosphere on Bitcoin that helps innovation and progress throughout decentralized purposes and providers,” Hu famous.