Crypto derivatives agreement Volmex Finance on Tuesday unveiled a new Implied Volatility Index for SOL tokens. The index is a measure of the expected price volatility of SOL. The SVIV index measures the expected volatility of the SOL over the next 14 days, Volmex said, adding that traders can track the index to see the extent of potential volatility in the price of the SOL over the next two weeks, regardless of which direction. Volmex said it will eventually launch a longer-term SOL Implied Volatility Index, including a widely tracked 30-day index and derivatives associated with it, to allow market participants to place bets on volatility. So-called "volatility trading" refers to profiting from the degree of price movement rather than the direction of the price. Traders use instruments such as options linked to the underlying asset and futures linked to the volatility index to bet or hedge against volatility.