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Nansen and OpenDelta launched NX8, an index tracking leading Layer 1 blockchains
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The index includes BTC, ETH, SOL, BNB Chain, TRON, Avalanche, Sui, and Hyperliquid
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NX8 will be issued on Solana with multichain compatibility
A New Onchain Index for Layer 1 Exposure
Nansen has partnered with OpenDelta to launch a new onchain index called NX8, designed to track the largest and most established Layer 1 blockchains.
The index includes Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, and Sui. It is the first product released under Nansen’s Joint Venture Protocol, an initiative aimed at supporting onchain financial infrastructure.
Issued on Solana With Multichain Design
NX8 will be issued on Solana and use LayerZero’s Omnichain Fungible Token standard to support multichain compatibility. Trading will initially be available through Solana-native venues including Orca and aggregators such as Jupiter, Kamino, and Dflow.
Anchorage and Hex Trust will provide institutional-grade custody, while GMCI will maintain the index methodology.
Reflecting a Maturing Infrastructure Landscape
According to OpenDelta, the index is launching at a time when infrastructure competition is narrowing. Rather than endless new blockchains, user and developer activity has concentrated around a smaller group of dominant Layer 1 networks.
The product aims to offer diversified exposure to those networks through a single onchain instrument.
