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Crypto Finally Has Its Own VIX with Volmex

Crypto Finally Has Its Own VIX with Volmex

How Volmex indices help measure, track, and trade crypto volatility

DeFi Dad
June 18, 2025

Crypto markets have long desired the same standard tools traditional finance uses to measure and hedge volatility-risk. For example, the CBOE Volatility Index (VIX) is a real-time index that represents market expectations for the relative strength of near-term price changes of the S&P 500 Index (SPX). This generates a 30-day forward projection of volatility, or how fast prices change, which is commonly viewed as a way to gauge market sentiment, especially fear. Crypto markets however did not have their own VIX until more recently.

Volmex Labs bridges that gap with the world’s first fully onchain implied volatility indices (BVIV for BTC, EVIV for ETH, and SVIV for SOL), offering a transparent, mean-reverting “fear gauge” akin to the VIX. Whether you’re hedging during market turbulence or speculating on volatility trends, Volmex provides a suite of indices, perpetual futures, and on‑chain products for both retail and professional use.

Bitcoin Volmex Implied Volatility Index

In our latest episode of The Edge Podcast, we sit down with Cole Kennelly, Founder and CEO of Volmex Labs, to unpack how these indices work, their use cases—from hedging spot exposure to measuring volatility as an alpha strategy, and what lies ahead as Volmex expands into onchain volatility products.

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