#OnChainInsights

Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions

Blockchain analytics platform Nansen announced the launch of its Bitcoin (BTC) on-chain analytics to bring real-time, detailed insights into the flagship cryptocurrency, enabling users to track key on-chain metrics in the platform.

Nansen Brings Real-Time On-Chain Analytics For Bitcoin

On Thursday, Nansen introduced its Bitcoin Growth Dashboard to provide a detailed view of the flagship crypto’s market movements and address the lack of user-friendly tracking tools for in-depth analysis in the market.

The analytics platform noted that examining Bitcoin’s network at the same level as other blockchains has been difficult since most tools use “outdated address labeling, fragmented data, or require advanced technical skills to extract meaning insights.”

As a result, the new Bitcoin on-chain analytics aims to bring “the same depth of data that Nansen users have relied on for Ethereum and other blockchains to Bitcoin” by enabling traders, institutions, and analysts to monitor active addresses, transactions, and the principal entities interacting on the network.