Volmex Finance Launches New Implied Volatility Index For SOL Token

According to BlockBeats, on September 4, CoinDesk reported that the crypto derivatives protocol Volmex Finance introduced a new implied volatility index for the SOL token on Tuesday. This index serves as a method to measure the expected price fluctuations of SOL. Volmex stated that the SVIV index gauges the anticipated volatility of SOL over the next 14 days, adding that traders can monitor this index to understand the potential price swings of SOL in either direction over the upcoming two weeks. Volmex also mentioned plans to eventually launch longer-term implied volatility indices for SOL, including a widely tracked 30-day index and related derivatives, enabling market participants to bet on volatility. Volatility trading refers to profiting from the degree of price fluctuations rather than the direction of the price. Traders use tools such as options tied to the underlying asset and futures linked to volatility indices to bet on or hedge against volatility.