Nansen's partnership with Bitlayer brings advanced analytics to the Bitcoin Layer 2 ecosystem, enabling insights into transaction trends and project traction, with new features launching soon to support growth and transparency in BTC L2.
What is Bitlayer?
Bitlayer is an EVM-compatible BTC L2 network designed to boost scalability, speed, and flexibility within the Bitcoin environment. By supporting smart contracts on Bitcoin, Bitlayer combines Bitcoin's robust security with the adaptability of an Ethereum-compatible platform, paving the way for a new generation of decentralized applications (dApps), DeFi solutions, and blockchain innovations. Since launching its mainnet V1 in April, Bitlayer has seen impressive traction, with over 280 projects deployed and nearly $300 million in total value locked (TVL), demonstrating its rapid adoption and ecosystem growth.
As the first BTC L2 network to receive Nansen’s support, Bitlayer enables scalable, secure, and flexible transaction processing, blending Bitcoin’s strengths with Ethereum-compatible functionality. Through Nansen’s integration with Bitlayer, users can now access essential analytics to explore transaction activities, assess project traction, and observe usage trends within this ecosystem.
“Our collaboration with Bitlayer is a testament to our commitment to empowering blockchain communities with actionable data. Following this collaboration, we aim to further drive adoption within the BTC L2 landscape.” – Alex Svanevik, CEO, Nansen
This partnership lays the groundwork for Nansen to support additional BTC L2 networks, fostering transparency and growth in the Bitcoin Layer 2 on-chain ecosystem.
Nansen will integrate Bitlayer, with a Nansen Query feature and a Growth dashboard on the Nansen App expected to launch by next quarter.
Disclaimer
The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
