Nansen's expansion into the Bitcoin layer-2 ecosystem with Bitlayer's smart contract capabilities aims to enhance decision-making and facilitate decentralized applications on Bitcoin, leveraging significant market value.
The introduction of Ethereum-style smart contracts on Bitcoin through Bitlayer could unlock unprecedented liquidity in the digital asset market, which Bitcoin already dominates with nearly 60% of total value.
Bitlayer, supported by an $11 million funding led by Franklin Templeton, exemplifies the growth potential within Bitcoin by enabling decentralized finance solutions atop its robust security infrastructure.
As Bitlayer's mainnet has launched, over 280 projects have already been deployed, showcasing immediate interest and investment in Bitcoin's evolving capabilities for decentralized applications.
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