About NX8

Written By Nansen Team

Last updated 4 days ago

What is NX8?

NX8 is a tokenized Layer-1 index that provides diversified exposure to eight major blockchain networks: BTC, ETH, SOL, BNB, TRON, HYPE, AVAX, and SUI. It's built and operated by OpenDelta using institutional-grade infrastructure.

NX8 represents exposure to the Layer-1 networks that power real crypto use cases—payments, DeFi, derivatives, RWAs, and store of value.

Please note: We're winding down NX8, the tokenized Layer-1 index we launched with OpenDelta. If you're a holder, nothing is lost - a fixed-price redemption route opens on 24 August, and this post covers everything you need to do.

Why is NX8 winding down?

NX8 was built to give exposure to major Layer-1 assets in a single token. NX8 worked as designed, but an internal review made clear it no longer fits alongside our core priorities: trading and our agent products. Instead of letting it run in the background, we’ve made the hard decision to wind it down on our own terms - with a clear timeline and a protected exit for every holder.

What do I need to know about NX8 winding down?

Before 24 August: NX8 can be sold on the open market today. Swap NX8 for USDC here. NX8 still tracks the index and the price follows the market

From 24 August: A fixed-price USDC redemption route opens.

What changes on 24 August

  • NX8 stops tracking its underlying index and is fully backed by USDC instead.

  • New minting closes.

  • NX8 stops earning NXP and Points’ bonuses.

Who built NX8?

NX8 is built and operated by OpenDelta.

Nansen's role is strategic partnership - running validators that stake the underlying assets, informing index construction with onchain analytics, and bootstrapping the product with our community.

What role does Nansen play in NX8?

Our involvement to NX8 includes:

  • Validator operations: Running validators that stake the assets backing the index

  • Index intelligence: Informing index construction with our onchain analytics (500M+ labeled addresses)

  • Community benefits: Users can earn Nansen Points by holding, trading, or providing liquidity with NX8

  • Strategic partnership: Co-creating the protocol with OpenDelta

No specific timeline to share—this is a long-term, selective initiative.

Is NX8 audited?

The protocol infrastructure is built by OpenDelta using battle-tested infrastructure that already powers their OG30 product.

Security features include:

  • Institutional custody (Anchorage, Hex Trust)

  • MPC framework (ForDefi)

  • Real-time verification (Accountable)

  • Regular security reviews and updates

Specific audit reports will be published by OpenDelta as they become available.

What networks are included in NX8?

NX8 tracks eight leading Layer-1 networks:

  • BTC (Bitcoin)

  • ETH (Ethereum)

  • SOL (Solana)

  • BNB (BNB Chain)

  • TRON

  • HYPE (Hyperliquid)

  • AVAX (Avalanche)

  • SUI

These networks were selected based on their relevance to core onchain applications: stablecoin payments, derivatives trading, DeFi, RWAs, and store of value.

What happens to my Nansen Points from NX8?

NX8 earns points bonuses through the week ending 23 August. After that, holding NX8 earns no points and NX8 trades no longer receive the bonus multiplier. Points already earned are unaffected.

What price will I get?

Before 24 August: market price. From 24 August: a single fixed redemption price, the same for every holder. Network and transaction fees apply.

What if I sell NX8 on the open market instead?

You can sell NX8 on the open market at any time at the prevailing market price until 24th Aug, after that there’s no open market.

Is there a deadline to swap?

No. From 24 August, a fixed exchange rate will be available for NX8 holders to convert to USDC at any time.

What happens to my Nansen Points?

NX8 earns points bonuses through the week ending 23 August. After that, holding NX8 earns no points and NX8 trades no longer receive the bonus multiplier. Points already earned are unaffected.

Are there any OpenDelta token allocations or rewards tied to NX8?

No. There are no OpenDelta token allocations, rewards, or other benefits associated with NX8. This applies specifically to NX8 and does not affect other current or future Joint Venture Protocols.

Where can I get help?

For questions about trading or Points, contact support@nansen.ai. For questions about NX8 and the wind-down, contact info@opendelta.com.