Analytics Company Nansen Launches New Investment Product! It Affects 7 Altcoins, Including Bitcoin and Ethereum!
Cryptocurrency information analytics agency Nansen has introduced the launch of NX8, a brand new crypto index that tracks main Layer 1 blockchains.
In keeping with the official announcement, the NX8 Index will embody Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB Chain, Tron (TRX), Hyperliquid (HYPE), Avalanche (AVAX), and Sui (SUI).
Nansen acknowledged that the NX8 Index is the primary product launched beneath the Joint Enterprise Protocol, which Nansen designed to assist groups growing infrastructure for on-chain monetary markets.
The NX8 index will likely be issued by OpenDelta and developed in a strategic partnership with Nansen.
As an alternative of specializing in a single community, NX8 is designed to symbolize right now’s broader Layer-1 setting, the place completely different chains concentrate on completely different roles, customers, and functions.
Nansen CEO and co-founder Alex Svanevik acknowledged: “NX8 affords buyers a easy solution to diversify their investments in blockchains shaping the way forward for finance. Combining skilled index methodology, on-chain combinability, and 0 asset administration charges, NX8 is designed as a core asset for long-term crypto portfolios.”
In keeping with the announcement, NX8 will launch on Solana and leverage LayerZero’s Omnichain Fungible Token customary to offer multi-chain compatibility. It’ll initially be traded on Orca and utilizing Solana-based aggregators akin to Jupiter, Kamino, and Dflow.
*This isn’t funding recommendation.
