CoinMeta Data: On Monday, HyperLiquid launched perpetual contracts related to the Volmex Bitcoin Volatility Index (BVIV), providing traders with a direct way to bet on the range of Bitcoin price fluctuations. The BVIV index, known as the "Bitcoin VIX," tracks in real-time the expected 30-day implied volatility of cryptocurrencies. The new market allows traders to go long or short on the volatility index without having to indirectly express their views on volatility through options. This launch marks the increasing institutionalization of the digital asset market and has attracted a variety of participants, including hedge funds and volatility traders. Volmex Labs founder and CEO Cole Kennelly stated that the launch of the perpetual contracts for the BVIV index is a major breakthrough for crypto traders and investors. These contracts are collateralized with USDC and offer up to 5x leverage. HyperLiquid is the world's largest decentralized perpetual contract exchange, with daily trading volumes reaching billions of dollars.