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Onchain Economics

Volatility

A measure of how much an asset's price fluctuates over time, often expressed as annualized standard deviation.

In-Depth Explanation

High volatility means large price swings—both opportunity and risk. Crypto is notoriously volatile compared to traditional assets. Volatility affects option pricing (higher vol = more expensive options), liquidation risk (volatile collateral needs larger buffers), and impermanent loss severity. 'Vol' is itself tradeable through various DeFi products.

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