OpenDelta and blockchain analytics firm Nansen have jointly launched NX8, a tokenized Layer-1 index designed to track major blockchain networks. The index initially includes eight networks certified for real-world usage: Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, and Sui. NX8 employs a rules-based, capped market-cap weighting structure and aims to generate onchain yield through staking and delegation.
OpenDelta has launched the NX8 tokenized Layer-1 index in partnership with blockchain analytics firm Nansen. The product represents the firm’s entry into the index-based onchain crypto market.
NX8 tracks eight major Layer-1 networks certified for real-world usage. The initial composition includes Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, and Sui.
According to OpenDelta, the index reflects a multi-network onchain economy where different networks serve different purposes. This approach aims for broader exposure to Layer-1 infrastructure rather than concentration on a single asset.
The index follows a rules-based structure with constituents weighted by market capitalization and capped at 20% per asset. It is rebalanced quarterly and reviewed every six months to reflect network performance changes.
The product plans to incorporate native onchain yield generation. A portion of underlying assets will be staked directly on supported networks and delegated to validator infrastructure operated by Nansen.
Bitcoin exposure will use a separate yield-generation strategy distinct from proof-of-stake delegation. The company claims to provide transparency through real-time onchain verification of assets backing NX8.
NX8 is the first protocol-based product launched under Nansen’s Joint Venture Protocol initiative. This indicates the company plans to co-create further onchain infrastructure projects with strategic partners.
