Nansen and OpenDelta launch NX8, a tokenized index offering diversified exposure to leading Layer-1 blockchains like BTC, ETH, and SOL, simplifying crypto portfolio growth.
New York – Nansen, the blockchain analytics powerhouse, in collaboration with OpenDelta, has pulled back the curtain on NX8, a new tokenized index designed to offer a streamlined, diversified entrée into the bustling world of Layer-1 blockchains. This isn't just another crypto product; it's a meticulously curated basket featuring the industry's heavyweights, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB Chain, TRON, Hyperliquid (HYPE), Avalanche (AVAX), and Sui (SUI).
The 'Clear Winners' Approach to Diversification
At its core, NX8 embodies a discerning philosophy: identifying the 'clear winners' among Layer-1 networks. As OpenDelta co-founder Nick Schteringard observed, the crypto landscape has matured, and certain chains have unequivocally captured significant user and developer communities. NX8 is built to reflect the collective performance of these prominent ecosystems, offering investors a singular, accessible token for exposure to what Nansen CEO Alex Svanevik calls the blockchains 'shaping the future of finance.'
This index isn't just about throwing a few big names together; it's a strategic move to simplify what can often be a labyrinthine investment journey. By combining professional index methodology from GMCI with Nansen's deep, address-labeled analytics, NX8 provides a robust framework for long-term crypto portfolios, all while boasting zero AUM fees. It's an acknowledgment that the Layer-1 environment is diverse, with each chain often specializing in different roles, users, and applications – and smart investors should have a way to participate in that multifaceted growth.
Under the Hood: Solana, LayerZero, and Institutional Rigor
NX8 makes its debut on the Solana blockchain, a choice driven by its reputation for fast transactions and low fees. But it’s not content to stay in one lane; leveraging LayerZero’s Omnichain Fungible Token (OFT) standard, NX8 is engineered for seamless multichain compatibility, ensuring it can traverse various networks while maintaining consistent functionality. This expansive reach means it’s not just for the Solana faithful, but for the broader crypto community.
Accessibility is key, with NX8 initially tradable on Orca and via popular Solana-based aggregators such as Jupiter, Kamino Swap, and Dflow. For those concerned with the finer points of asset management, institutional-grade custody services are handled by Anchorage Digital and Hex Trust, both regulated firms known for their robust security protocols. This meticulous attention to infrastructure, from issuance to custody, underscores a serious play for both retail and institutional adoption.
Nansen's Evolution: Beyond Analytics
The launch of NX8 isn't merely a new product; it signals a significant strategic pivot for Nansen. It's the inaugural offering under Nansen’s newly unveiled Joint Venture Protocol, a testament to the firm's ambition to move beyond its established role as a premier analytics provider into actively building and accelerating tokenized financial infrastructure. This evolution suggests Nansen is not just observing the market but is now a more direct participant in shaping its tradable future. It's a clear statement: insight is powerful, but actionable, on-chain products are the next frontier.
In a world increasingly enamored with the complexities of decentralized finance, Nansen and OpenDelta appear to be offering a refreshingly straightforward proposition. So, whether you're a seasoned crypto connoisseur or simply curious about diversifying your digital holdings, the NX8 index aims to make navigating the Layer-1 landscape a touch more elegant, and perhaps, a good deal less bewildering. Consider it your new favorite shortcut to the digital frontier.
