Due to Lorentz contraction, only the length along the direction of motion contracts. The length contraction formula is:
\[
L = L_0 \sqrt{1 - \frac{v^2}{c^2}}
\]
For \( v = 0.8c \):
\[
L = L_0 \sqrt{1 - 0.64} = L_0 \times 0.6
\]
The volume contracts as:
\[
V = L_0^2 \times L = L_0^3 \times 0.6
\]
\[
V = 0.64 L_0^3
\]