Now Solana Token (SOL) Has Its Own Implied Volatility Index (SVIV): Welcome to Our World!

Volmex Finance has launched the first implied volatility index for the Solana (SOL) token. For traders, this new index, the Solana Volatility Implied Volatility Index (SVIV), ushers in a new era of evaluating and interacting with the market.

The crypto derivatives protocol unveiled its new trading vehicle, a way to measure the expected price volatility of the world's fourth-largest cryptocurrency by market value. The SVIV index is designed to measure the expected volatility of the Solana SOL token over the following ongoing 14 days.

Volmex Finance also hinted that there is more to this new idea. The company said that it will eventually develop a longer-term SOL implied volatility index. The plan will include a widely followed 30-day indicator. In addition, the company said that it will later launch derivatives tied to these indices. This allows market participants to bet on the expected volatility of SOL.