Cryptocurrency data analytics firm Nansen has announced the launch of NX8, a new crypto index that tracks major Layer 1 blockchains.
According to the official announcement, the NX8 Index will include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB Chain, Tron (TRX), Hyperliquid (HYPE), Avalanche (AVAX), and Sui (SUI).
Nansen stated that the NX8 Index is the first product launched under the Joint Venture Protocol, which Nansen designed to support teams developing infrastructure for on-chain financial markets.
The NX8 index will be issued by OpenDelta and developed in a strategic partnership with Nansen.
Instead of focusing on a single network, NX8 is designed to represent today’s broader Layer-1 environment, where different chains specialize in different roles, users, and applications.
Nansen CEO and co-founder Alex Svanevik stated: “NX8 offers investors a simple way to diversify their investments in blockchains shaping the future of finance. Combining professional index methodology, on-chain combinability, and zero asset management fees, NX8 is designed as a core asset for long-term crypto portfolios.”
According to the announcement, NX8 will launch on Solana and leverage LayerZero’s Omnichain Fungible Token standard to provide multi-chain compatibility. It will initially be traded on Orca and using Solana-based aggregators such as Jupiter, Kamino, and Dflow.
*This is not investment advice.