Bifrost Network Collaborates with Nansen

Bifrost Network, a Layer 1 blockchain built on the Substrate framework for cross-chain communication, has partnered with Nansen, a leading on-chain analytics firm. As part of this collaboration, Nansen will serve as a node validator for the Bifrost Network, aiming to enhance the ecosystem’s reliability and transparency.

> 📢 We’re thrilled to welcome @nansen_ai — one of the most renowned on-chain analytics and research platforms — as a validator for Bifrost! 🙌
>
> As the industry’s leading blockchain analytics and research entity, Nansen’s participation marks a major milestone in our journey toward… pic.twitter.com/SWBSjfZDrl
> — BIFROST (@Bifrost_Network) February 28, 2025

The strategic partnership highlights Bifrost Network’s commitment to leveraging the latest technological advancements to expand its user base significantly.

Advancing Reliability and Transparency

Nansen’s role as a node validator for Bifrost Network focuses on enhancing trustworthiness and operational integrity. Known for its advanced tools in blockchain analytics, Nansen provides comprehensive insights into on-chain data, positioning itself as a reliable entity in the Web3 ecosystem. Nansen’s involvement will enhance the decentralization, security, and overall reliability of the Bifrost platform.

Bifrost Network’s multi-chain L1 ecosystem supports both non-EVM and EVM environments, offering optimized infrastructure for decentralized applications (dApps). Its unique architecture facilitates unparalleled interoperability and boosts blockchain efficiency. A key feature is BTCFi, a financial service that offers Bitcoin liquidity, allowing users to borrow the stablecoin $BtcUSD backed by $BTC collateral.

Offering BTCFi with $BtcUSD

$BtcUSD enables users to generate yield while retaining their $BTC holdings, redefining Bitcoin-based decentralized finance services. This initiative creates opportunities that benefit both developers and investors. Furthermore, Bifrost Network employs the Bitcoin Relaying Protocol and Cross-Chain Communication Protocol to ensure verified and trustless transfers.

Alongside its role as a node validator, Nansen provides enhanced blockchain research and advanced analytics, which are expected to significantly contribute to the innovation and growth of the Bifrost ecosystem. This collaboration marks a substantial step toward establishing a robust and transparent DeFi ecosystem.