Today we are excited to announce two things: the launch of NX8 — a crypto-native index product tracking the leading L1s that underpin crypto’s proven use cases — and a strategic partnership with Nansen.
While most existing crypto indices still use market capitalization as their north star, NX8 also looks at the crypto market through the lens of utility and value accumulation. It features L1s that capture value from popular use cases and applications built on top of them. These use cases include stablecoin payments, perps and meme trading, DeFi and internet capital markets, RWAs, and store of value.
NX8 is composed of the eight largest L1s, including BTC, ETH, SOL, BNB, TRON, HYPE, AVAX and SUI. The underlying index methodology is provided by our partners at GMCI. The product is built on the same battle-tested infrastructure that powers OG30, with the addition of institutional custodians such as Anchorage and Hex Trust, as well as the ForDeFi MPC framework. We have also partnered with Accountable to provide real-time verification of underlying reserves, ensuring the highest level of transparency and accountability.
NX8 is built differently from most existing index products. There are no management fees, and the underlying real yield from staking is distributed to users through partner applications. This makes NX8 one of the most capital-efficient and user-friendly crypto index products available today.
NX8 enters the market at a time when the era of infrastructure proliferation and new blockspace production is coming to an end. We view NX8 as a natural conclusion of the fat protocol thesis. Clear winners have emerged — L1s that managed to capture users and developers. We believe that the L1s featured in NX8 will continue to gain market share over time, favored by Lindy and network effects. The methodology behind NX8, however, is dynamic and will reflect changes to the status quo if alternative networks prove their long-term relevance.
At OpenDelta, we are strong believers in Solana as an “everything chain” — a platform that provides access to millions of markets. That’s why we are launching NX8 on Solana, allowing users to gain exposure to all top L1s without leaving their Solana wallet.
This launch also marks a new chapter in OpenDelta’s journey as we join forces with Nansen as our strategic partner for NX8 and beyond. Last month, Nansen introduced its Joint Venture Protocol — a model designed to help projects building the future of onchain markets. OpenDelta is the first project to launch as part of this initiative, and we are proud to build alongside Alex Svanevik and his incredible team.
Our mission is to make long-term onchain investing and wealth management simple. Crypto overserves gambling and trading and underserves savings and disciplined investing. We believe that, over time, the number of long-term investors will vastly outpace the number of traders.
Most people want to do three things: hold cash (delta), own the market (beta), and take a few shots (alpha), with minimal effort. OpenDelta is building a product for each of these needs, starting with NX8 and expanding into a universe of tokenized financial products that together form the foundation of a complete and diversified portfolio.
Here’s to the future!