TLDR
- NX8 tracks Bitcoin, Ethereum, Solana, TRON, BNB Chain, Sui, Avalanche, and Hyperliquid.
- NX8 is the first product under Nansen’s Joint Venture Protocol initiative.
- The index uses LayerZero’s Omnichain Fungible Token standard for multichain use.
- NX8 will first be available on Orca and Solana-based aggregators like Jupiter and Dflow.
Nansen and OpenDelta have partnered to introduce NX8, a new digital index token that tracks major Layer 1 blockchains. The token will be issued on the Solana blockchain. It includes a selection of eight networks that have maintained large developer and user communities.
The NX8 index includes Bitcoin, Ethereum, Solana, BNB Chain, TRON, Sui, Avalanche, and Hyperliquid. The product is designed to reflect the performance of prominent Layer 1 ecosystems in one token.
Introducing NX8, a tokenized Layer-1 index issued and built in partnership with @opendelta_.
Nansen Points holders, this matters for you – here's everything you need to know 👇🧵 https://t.co/dzRzDHgVvv pic.twitter.com/JaesynJfwJ
— Nansen 🧭 (@nansen_ai) February 3, 2026
According to OpenDelta’s co-founder Nick Schteringard, the index enters the market after a period of rapid infrastructure growth. “Clear winners have emerged — Layer-1s that have successfully captured users and developers,” he said.
This new product is the first to launch under Nansen’s Joint Venture Protocol, which aims to support teams building new infrastructure in onchain financial markets.
Solana Chosen for NX8 Token Issuance
Solana will serve as the base blockchain for NX8 issuance, allowing for fast transactions and low fees. The token will use LayerZero’s Omnichain Fungible Token (OFT) standard, which is designed for multichain compatibility.
The OFT standard allows NX8 to move across various chains while keeping consistent functionality. This multichain design helps expand trading access beyond just Solana. Solana-based aggregators such as Jupiter, Kamino, and Dflow will be the first platforms to offer NX8 trading. In addition, the decentralized exchange Orca will support direct access to the index token.
Institutional Custody and Index Management
Institutional custody services for NX8 will be handled by Anchorage Digital and Hex Trust. Both firms are known for providing regulated custody solutions in the crypto sector. This helps ensure the index is safely managed and meets compliance needs for larger investors.
GMCI (GM Crypto Indices) will oversee the index’s construction and maintenance. This includes adjusting asset weights and rebalancing schedules to reflect market movements. OpenDelta, as the issuer, builds structured crypto products onchain, offering tools for both retail and institutional users.
NX8 Expands Access to Leading Blockchain Networks
NX8 aims to simplify exposure to the most-used and highest-performing Layer 1 networks. By combining multiple assets into one token, NX8 offers a more accessible option for portfolio diversification in the crypto space.
The product also signals a growing trend of tokenized indices in the digital asset market. With strong partners and cross-chain flexibility, NX8 may be well-positioned for adoption among DeFi users and crypto funds.
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