According to @glassnode, it launched an Implied Volatility Heatmap to illustrate volatility and sentiment regimes by tracking how call and put implied volatilities have been priced over time. Source: Glassnode on X Dec 5, 2025 https://x.com/glassnode/status/1996966471209975885; https://x.com/glassnode/status/1996973646162629104; Product page https://glassno.de/48Gquiw. @glassnode stated that while 25-Delta Skew is widely used in crypto options, it compresses a richer volatility surface, and the new Interpolated IVs display how risk is priced across deltas and maturities. Source: Glassnode on X Dec 5, 2025 https://x.com/glassnode/status/1996966471209975885; https://x.com/glassnode/status/1996973646162629104; Product page https://glassno.de/48Gquiw. @glassnode confirmed coverage for BTC, ETH, SOL, XRP, and BNB, enabling traders to monitor cross-delta and cross-maturity IV dynamics, skew, and expected movement on calls and puts across these markets. Source: Glassnode on X Dec 5, 2025 https://x.com/glassnode/status/1996966471209975885; https://x.com/glassnode/status/1996973646162629104; Product page https://glassno.de/48Gquiw.

According to @glassnode, interpolated implied volatility surfaces across deltas and maturities for BTC, ETH, SOL, XRP, BNB, and PAXG are now live in Glassnode Studio, expanding the platform’s options market coverage for traders. source: Glassnode The standardized IV surface enables traders to compare skew and term structure across assets and expiries for more consistent relative-value analysis in crypto options. source: Cboe Options Institute These surfaces are commonly used to price and hedge strategies such as calendars, butterflies, and risk reversals across delta buckets. source: Cboe Options Institute Including PAXG adds a gold-linked volatility reference that can inform cross-asset comparisons alongside BTC and ETH when evaluating macro risk in crypto markets. source: CME Group Education