Crypto data firm Nansen and issuer OpenDelta tap Solana for new index tracking top L1s
Summary
Crypto data firm Nansen is partnering with issuer OpenDelta to release NX8, a new digital token index focused on tracking the largest Layer 1 blockchains. The index composition includes Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, and Sui. OpenDelta co-founder Nick Schteringard noted that this launch comes as the era of infrastructure proliferation ends, with clear Layer-1 winners having emerged. NX8 is the first product under Nansen’s Joint Venture Protocol and will be issued on Solana, utilizing LayerZero’s Omnichain Fungible Token standard for multichain compatibility. It will initially trade on Orca and through Solana-based aggregators like Jupiter, Kamino, and Dflow, with institutional custody provided by Anchorage and Hex Trust.
(Source:The Block)