NX8 Index Tracks Eight Layer-1s as Crypto Usage Spreads Beyond Bitcoin
- NX8 is a tokenised index offering diversified exposure to eight major Layer-1 blockchains.
- The index uses independent, rules-based methodology with capped weights and scheduled rebalancing.
- Infrastructure combines onchain analytics, native staking, regulated custody, and multichain trading access.
The structure of the crypto market is shifting as onchain activity becomes increasingly fragmented across specialised Layer-1 networks. While Bitcoin remains foundational, different blockchains now lead specific verticals such as payments, decentralised finance, derivatives trading, and tokenised assets.
NX8 reflects this transition towards a multi-chain crypto economy. The tokenised Layer-1 index is issued and operated by OpenDelta and developed in partnership with blockchain analytics firm Nansen.
The index tracks eight Layer-1 blockchains identified as having captured sustained user and developer activity. Its initial constituents are Bitcoin, Ethereum, Solana, BNB Chain, TRON, Hyperliquid, Avalanche, and Sui.
Related: Bit Digital Exits Bitcoin Mining, Goes All-In on Ethereum and AI Infrastructure
Inside the Mechanics of the NX8 Index
Rather than concentrating exposure on a single asset, NX8 is designed to represent the broader Layer-1 landscape as it currently functions. The index methodology is independently provided by GMCI and applies rules-based criteria to asset selection, weighting, and ongoing reviews.
Each constituent is weighted by market capitalisation with a 20% cap, and the index is rebalanced quarterly with a comprehensive review every six months. This framework is intended to prevent dominance by any one network while allowing the index to evolve alongside changes in market structure.
Nansen contributes validator operations and onchain analytics derived from over 500 million labelled addresses, supporting index construction and rebalancing decisions. Custody services are provided by regulated firms, with verification systems enabling real-time confirmation of underlying assets.
NX8 is deployed on Solana using LayerZero’s Omnichain Fungible Token standard and is tradable via decentralised exchanges and aggregators. The product is positioned as a complementary way to track Layer-1 adoption collectively, rather than replacing direct exposure to individual blockchains.
Related: NYSE Plans Tokenised Securities Trading Platform, Pending Regulatory Approval
The post NX8 Index Tracks Eight Layer-1s as Crypto Usage Spreads Beyond Bitcoin appeared first on Crypto News Australia.
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