New NX8 index from Nansen and OpenDelta
The well-known crypto analytics company Nansen and the issuer OpenDelta have announced the launch of a new NX8 index, which will track the dynamics of leading Layer 1 (L1) blockchains based on the Solana protocol. This index will be the first product released as part of Nansen's Joint Venture Protocol - an initiative to develop on-chain infrastructure.
NX8 includes 8 of the largest L1 blockchains, such as Ethereum, Solana, Avalanche, Polygon and others. The index will allow traders and investors to track the overall dynamics of the top L1 blockchains, which are becoming increasingly important in the Web3 ecosystem.
According to Nansen representatives, the choice of Solana as the base protocol for NX8 is due to the growing popularity and activity of this blockchain among developers and users. Solana has established itself as a fast and scalable L1 blockchain with low transaction fees, attracting more and more DeFi projects and NFT platforms.
Expert Analysis
The launch of NX8 is an important step in the development of the Web3 ecosystem and digital assets. An index tracking the dynamics of top L1 blockchains will provide traders and investors with valuable analytics for making more informed decisions. The choice of Solana as the base protocol also underscores the growing importance of this blockchain platform, which is successfully competing with Ethereum in terms of speed, scalability and transaction costs.
Overall, the emergence of NX8 is a positive signal for the industry, demonstrating the maturity of the crypto asset market and the active development of Web3 infrastructure.