Nansen unveils NX8: Tokenized index for Layer 1 blockchains
6.7 Investments Nansen and OpenDelta launched NX8, a tokenized index tracking eight major Layer 1 blockchains, issued on Solana and tradable on top DeFi platforms.
Nansen has introduced NX8, a tokenized index product that tracks the performance of eight leading Layer 1 blockchains: Bitcoin, Ethereum, Solana, BNB Chain, Tron, Hyperliquid, Avalanche, and Sui. Developed in collaboration with OpenDelta and issued natively on Solana, NX8 is the first product under the Joint Venture Protocol, designed to offer a diversified benchmark for the crypto market. The index methodology, maintained by GMCI, weights each asset by market capitalization with a maximum cap of 20% per network. NX8 is rebalanced quarterly, and its composition is reviewed every six months to ensure alignment with market trends. Leveraging LayerZero’s Omnichain Fungible Token standard, NX8 is compatible across multiple chains and tradable on Solana-based platforms such as Orca, Jupiter, Kamino, and Dflow. The product targets both retail and institutional investors, providing broad exposure to major blockchain networks and aiming to serve as a core asset for long-term crypto portfolios.
