Nansen Launches NX8 Index to Expand Onchain Market Access

Crypto analytics firm Nansen has expanded its presence in on-chain finance with the introduction of NX8, a tokenized index designed to track leading Layer-1 blockchain networks and their surrounding decentralized finance ecosystems. The product has debuted on Solana and is intended to offer diversified exposure to some of the most active base-layer networks in the digital asset market. Through this launch, Nansen is advancing its strategy of transforming blockchain analytics and data insights into investable financial instruments.

NX8 has been positioned as a simplified entry point for market participants seeking broad exposure without the need to actively manage multiple individual assets. By bundling several major networks into a single index token, the product aims to reduce complexity while reflecting the structural foundations that currently support stablecoins, DeFi applications, real-world asset tokenization, and derivatives activity across the crypto sector.

Composition and Data-Driven Index Design

The index tracks eight blockchain networks that continue to demonstrate strong user activity and developer engagement. These include Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, and Sui. Together, these networks represent a cross-section of infrastructure supporting both established and emerging on-chain use cases.

Nansen has indicated that index construction and ongoing rebalancing are guided by insights derived from more than 500 million labeled blockchain addresses. This data-driven approach is intended to ensure that NX8 remains aligned with networks that maintain relevance and scale over time. Scheduled rebalancing allows the index to adapt as market dynamics and on-chain activity evolve, rather than remaining fixed to historical weightings.

The development of NX8 involved collaboration with several ecosystem partners. OpenDelta is responsible for issuing the token and managing the on-chain structuring of the product. At the same time, GMCI oversees the index methodology, including weighting rules and governance standards. This division of responsibilities is designed to combine market analytics, index discipline, and blockchain-native execution within a single framework.

Positioning NX8 as a Long-Term Portfolio Asset

Nansen leadership has explained that the purpose of NX8 is to offer investors an accessible way to gain diversified exposure to the blockchains shaping the future of financial infrastructure. The company has emphasized that the index is structured with long-term portfolio construction in mind rather than short-term trading strategies. Features such as professional index methodology, on-chain composability, and the absence of assets-under-management fees are intended to support this positioning.

By removing management fees, NX8 aims to lower barriers for participants seeking passive exposure to core crypto infrastructure. Nansen has framed the index as a foundational building block that can sit alongside other digital assets in a diversified portfolio, particularly for users who prefer systematic exposure over active token selection.

Solana Deployment and Multichain Flexibility

NX8 has launched on Solana, reflecting demand for high-throughput settlement and low transaction costs. Solana’s infrastructure allows for efficient trading and settlement of index tokens, which is especially relevant for on-chain financial products that may see frequent interactions. Despite this initial deployment, the index is not restricted to a single network.

The product uses LayerZero Omnichain Fungible Token standards, enabling the potential for future multichain movement. This design choice allows NX8 to migrate or expand across additional blockchains as demand grows, aligning with broader industry trends toward interoperability and cross-chain liquidity.

Trading, Custody, and Transparency Infrastructure

Trading for NX8 is available on the Orca decentralized exchange, with additional access provided through aggregators such as Jupiter, Kamino Swap, and Dflow. These integrations are intended to improve liquidity access and routing efficiency for participants across the Solana ecosystem.

On the custody side, regulated providers Anchorage and Hex Trust support asset safekeeping, addressing institutional requirements for security and compliance. In parallel, Accountable provides real-time asset verification, allowing users to confirm backing and composition transparency on-chain.

Through the launch of NX8, Nansen is signaling a broader shift toward analytics-driven financial products that operate natively on public blockchains. As on-chain finance continues to mature, tokenized indices such as NX8 illustrate how data, infrastructure, and trading can converge into standardized investment tools for a growing global audience.

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