[Crypto derivatives protocol Volmex announces 14-day implied volatility index linked to SOL] Golden Finance reported that the crypto derivatives protocol Volmex Finance announced a new implied volatility index for the SOL token on Tuesday. The index is a way to measure the expected price volatility of SOL. Volmex said that the SVIV index measures the expected volatility of SOL in the next 14 days, adding that traders can track the index to understand the extent of potential volatility in SOL prices in the next two weeks (in either 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 bet on volatility. The so-called "volatility trading" refers to profiting from the degree of price fluctuations rather than the direction of prices. Traders use tools such as options linked to the underlying assets and futures linked to volatility indices to bet on or hedge volatility.