Crypto data firm Nansen is releasing a new digital token index tracking the largest Layer 1s, according to an announcement on Tuesday.
The index, called NX8, will be issued by OpenDelta and developed in a strategic partnership with Nansen. Its composition includes Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, and Sui.
“NX8 enters the market at a time when the era of infrastructure proliferation and new blockspace production is coming to an end,” OpenDelta co-founder Nick Schteringard said. “Clear winners have emerged — Layer-1s that have successfully captured users and developers.
According to the announcement, NX8 is the first product rolled out under Nansen’s Joint Venture Protocol, an initiative designed to support teams building infrastructure for onchain financial markets.
OpenDelta is a blockchain-based infrastructure provider that enables the creation of onchain tokenized indices and other structured crypto financial products.
NX8 will be issued on Solana and tap LayerZero’s Omnichain Fungible Token standard to provide multichain compatibility. It will first be made available for trading on Orca and using Solana-based aggregators like Jupiter, Kamino, and Dflow.
Anchorage and Hex Trust will provide Institutional-grade custody for NX8 while GMCI will maintain the index’s methodology.
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