MoveX is the first decentralized market for absolute price movements. A single instrument for volatility: no Greeks, no funding, no rebalancing.
Whether through options that decay or perpetual futures that bleed funding rates, the current tools for capturing movement are structurally designed to transfer your capital to exchanges and market makers.
You pay elevated premium when implied volatility is already high, then bleed theta every day the move doesn't happen. When BTC finally rips from $65K to $75K, did you make enough to cover both premiums plus the decay?
The answer is usually no.
Long spot, short the perp, stay delta-neutral. Except this isn't a volatility trade. It's basis arbitrage. The moment BTC moves 3%, your hedge ratio breaks. Rebalance. Pay fees. Eat slippage. Repeat.
It's a carry trade masquerading as vol.
Both approaches work if you’re a professional market maker with quant teams and millions in capital. For everyone else, they’re mechanisms to transfer your money to exchanges, one basis point at a time.
The volatility tax. And you’ve been paying it.
MOVE contracts settle on the absolute distance between the opening price and the closing price. No clever hacks, no synthetic constructions: direct, linear exposure to magnitude.
The payoff formula
Direction doesn’t matter. Only magnitude.
You profit if the price moves significantly in any direction.
You profit if the price stays stable or reverts toward the open.
BTC opens at $90k. The contract pays out the absolute distance between open and close. Toggle a side to see where you make money.
Billion-dollar funds exist solely to trade volatility in traditional markets. In crypto, no native equivalent has shipped, even as derivatives volume sets records every quarter.
Daily volume on Hyperliquid alone
Open interest in options on Deribit
Native volatility instruments in DeFi
The total addressable market is every derivatives trader who has ever been right about the move but wrong about the direction.
Every perp trader sizing up before CPI or FOMC is implicitly trading volatility. MOVE contracts make that explicit: no directional guessing, no liquidation from picking the wrong side.
Hedge funds need an API and deep liquidity, not a frontend. Market makers can quote two-sided markets on a linear payoff instead of managing complex options hedging books.
Volatility Pools ask one question per market: will the stock move more than a threshold, in either direction, before the window closes? Deposit on YES or NO. The winning answer splits the pot.
15, 10 and 5 of the 20 sessions moved more than TIGHT, FAIR and WIDE.
An NVDA daily ladder. Each bar is one of the 20 sessions its thresholds were read from, smallest move first.
| Rank by size | Move | Thresholds cleared |
|---|---|---|
| 1 | 0.03% | cleared none of the thresholds |
| 2 | 0.57% | cleared none of the thresholds |
| 3 | 0.82% | cleared none of the thresholds |
| 4 | 0.84% | cleared none of the thresholds |
| 5 | 0.91% | cleared none of the thresholds |
| 6 | 1.34% | cleared TIGHT |
| 7 | 1.48% | cleared TIGHT |
| 8 | 1.51% | cleared TIGHT |
| 9 | 1.59% | cleared TIGHT |
| 10 | 1.80% | cleared TIGHT |
| 11 | 2.01% | cleared TIGHT and FAIR |
| 12 | 2.19% | cleared TIGHT and FAIR |
| 13 | 2.30% | cleared TIGHT and FAIR |
| 14 | 2.37% | cleared TIGHT and FAIR |
| 15 | 2.54% | cleared TIGHT and FAIR |
| 16 | 2.91% | cleared all three thresholds |
| 17 | 3.21% | cleared all three thresholds |
| 18 | 3.36% | cleared all three thresholds |
| 19 | 4.57% | cleared all three thresholds |
| 20 | 8.74% | cleared all three thresholds |
TIGHT, FAIR and WIDE are the 25th, 50th and 75th percentiles of the last 20 moves. The samples live on chain, and the program rejects any market whose thresholds do not match them.
Each answer is a pool, and the other pool is your counterparty. The less popular answer pays more. The winners split the pot, less a 1% fee.
Deposits stay open once the reference price is recorded, each capped at a payout multiple that shrinks as the window runs out. Arriving late never pays like arriving early.
Live on Solana devnet
Daily ladders on NVDA, TSLA and SPY, and hourly markets on NVDA.
MOVE contracts work on any asset with a reliable price feed. Listing a new market requires nothing more than an oracle connection. The matching engine, margin system and insurance fund stay the same.
Settlement
Same engine
Margin
Same system
Risk
Same insurance fund
Real-world assets · ready to list
FX pairs
Commodities
Treasuries
Equity indices
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