What is NX8?

NX8 is a tokenized Layer-1 blockchain index product issued and operated by OpenDelta. It tracks eight major Layer-1 blockchains that are central to real, sustained onchain usage.

The initial composition includes:

Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, Sui

The index methodology is provided independently by GMCI, using transparent, rules-based criteria. Constituents are weighted by market capitalization capped at 20%, rebalanced every quarter, and the index is reviewed every six months to reflect changes in market structure.

This approach prevents any single network from dominating the index while allowing the composition to evolve as usage and market relevance shift. Networks may be added, removed, or reweighted based on long-term performance and emerging Layer-1s with proven traction.

Nansen's role includes validator operations that stake the underlying assets, informing index construction with onchain analytics built on 500M+ labeled addresses.