Nansen Expands to Bitcoin Layer 2, Will Provide Analytics for Bitlayer
Summary
Nansen will provide analytics to Bitcoin layer-2 Bitlayer, marking its first expansion into this ecosystem. This aims to enhance decision-making in Bitcoin layer 2s through real-time blockchain insights. Bitlayer, based on the BitVM computing paradigm, facilitates Ethereum-style smart contracts on Bitcoin, enabling decentralized finance and apps. It requires an auxiliary network for transaction volume while leveraging Bitcoin's security. Bitcoin's dominance in the digital asset market suggests significant potential for Ethereum-style projects. Since Bitlayer's mainnet launch in April, 280 projects with a combined value of nearly $300 million have been deployed.
