XRP and TRX 1W RR25 crossed zero in opposite directions: the signed XRP-minus-TRX 1W RR25 spread changed by -10.76 volatility points, from +5.13 to -5.63 volatility points, against the October 13 cutoff at 16:30 UTC. Derivasys measurements at the October 14 cutoff show XRP shifting toward higher put volatility relative to calls and TRX toward higher call volatility relative to puts.
Altcoin 1W ATM IV daily-change dispersion stands at 3.27 volatility points between XRP's increase of 1.80 volatility points and TRX's decrease of 1.47 volatility points. The comparison runs from October 12 to October 13 at 16:30 UTC. Opposing moves across the four constituents accompany a wider range of 1W skew levels.
AVAX versus TRX 1W RR25 level dispersion stood at a spread of 1.18 volatility points at the October 12 cutoff, according to Derivasys data. That unusually tight cross-sectional skew range compares with 7.03 volatility points at the October 11 cutoff. Across AVAX, TRX, XRP and HYPE, daily changes in 1W ATM implied volatility remained mixed.
The altcoin basket's 1W RR25 range widened from 3.90 to 7.03 volatility points, with XRP at +5.19 and HYPE at -1.84 defining the endpoints. The comparison runs from October 10 to October 11 at 16:30 UTC. Daily changes in 1W ATM implied volatility also diverged, with three constituents rising and HYPE falling.
TRX versus AVAX defined 1W ATM IV change dispersion of 8.99 volatility points: TRX's 1W ATM IV rose 4.06 volatility points while AVAX's 1W ATM IV fell 4.93 volatility points. Between October 9 and October 10 at 17:02 UTC, these opposing daily moves narrowed the four-altcoin range of 1W ATM IV levels, while 1W call-minus-put skew dispersion widened.
AVAX’s daily 1W ATM implied-volatility decline of 5.56 volatility points contrasted with TRX’s 1.24-point decline, leaving a 4.32-point cross-sectional range in changes. Derivasys snapshots at 16:56 UTC on October 8 and 9 show lower 1W ATM IV across XRP, HYPE, AVAX and TRX, with the largest decline occurring in the highest-volatility constituent.
AVAX and TRX's one-week ATM IV level dispersion widened to 59.18 volatility points: AVAX one-week ATM IV stood at 78.59%, versus TRX at 19.41%. This 1W relative volatility comparison shows an expanding separation between the highest and lowest implied-volatility levels in the four-coin complex, alongside a narrower cross-sectional skew range.
The XRP–AVAX range of daily 1W ATM implied-volatility changes was just 0.97 volatility points, according to Derivasys data. XRP's 1W ATM implied volatility increased 1.06 volatility points, while AVAX's 1W ATM implied volatility increased 0.09 volatility points. The comparison runs from October 6 to October 7 at 16:30 UTC. HYPE and TRX also registered increases, while widely separated volatility levels persisted. The Defiant's staked-XRP DeFi cover reporting provides protocol context.
TRX 1W ATM implied volatility stood 6.15 volatility points above seven-day realised volatility, while HYPE 1W ATM implied volatility stood 7.37 volatility points below seven-day realised volatility. These highest and lowest spreads defined a 13.52 volatility-point dispersion across the four altcoins at the October 6 cutoff. Daily 1W ATM implied volatility changes also diverged, alongside developing reporting on Hyperliquid pricing coverage.
TRX's 1W ATM implied volatility minus seven-day realised volatility spread was +7.07 volatility points, versus AVAX's -9.81 volatility points, the highest and lowest readings across the four altcoins at October 5, 16:29 UTC. Their cross-sectional dispersion was 16.88 volatility points. Daily 1W ATM IV changes diverged across constituents; CoinDesk's XRP treasury SPAC report adds corporate context without establishing a cause for those moves.
TRX and AVAX anchor a 16.37-point range in 1W ATM implied volatility minus seven-day realised volatility: TRX registered plus 3.71 points and AVAX minus 12.66 points at the 4 October cutoff. Only TRX had a positive gap across the four constituents. Daily 1W ATM IV moves diverged while outright volatility dispersion narrowed. Al Jazeera’s provisional Hormuz reporting provides economic context, with no established causal link to the options changes.
Across TRX and AVAX, the 1W ATM implied volatility minus 7D realised volatility comparison spanned 17.29 volatility points at the October 3 cutoff. This is a current cross-asset level comparison; a prior spread is unavailable, so it does not measure a change over time.
TRX and AVAX one-week ATM implied volatility changes were 12.75 volatility points apart over the daily window ending October 2 at 16:30 UTC: TRX rose 8.06 points and AVAX fell 4.69 points.
The AVAX–TRX one-week ATM implied-volatility gap narrowed to 62.11 volatility points over the 24 hours to October 1 at 16:30 UTC. Derivasys data show AVAX one-week ATM IV falling 8.42 volatility points to 79.97%, while TRX one-week ATM IV rose 0.17 volatility points to 17.86%.
Derivasys data show the AVAX–TRX one-week call-minus-put RR25 gap widened by 2.33 volatility points to 10.11 points over the daily observation window ending September 30. AVAX one-week RR25 stood at 10.55%, while TRX one-week RR25 stood at 0.44%. Both remained call-rich, but TRX was close to neutral: the comparison separates the strength of relative call-side volatility rather than opposing call-rich and put-rich markets.
Derivasys data show AVAX one-week ATM IV rose 14.42 volatility points to 90.44% over the 24-hour observation window ending September 29, while HYPE one-week ATM IV fell 0.71 points to 61.54%. The AVAX–HYPE range in one-week ATM IV daily changes stood at 15.13 volatility points. This was a differentiated repricing across the complex: TRX one-week ATM IV rose 0.40 points, while XRP one-week ATM IV fell 0.30 points. ATM IV measures volatility implied by options near the underlying's current price.
Derivasys data show AVAX one-week at-the-money implied volatility fell 6.16 volatility points to 76.03%, while TRX one-week at-the-money implied volatility rose 3.41 points to 18.33% over the daily observation window. The 9.57-point range between those changes sits at the 82.8 percentile of the available history. At-the-money implied volatility measures volatility implied by options near the underlying asset’s current price. AVAX still had the highest one-week implied-volatility level among the four altcoins, despite its sharp decline.
Derivasys data show the gap between AVAX and TRX one-week at-the-money implied-volatility levels widened by 2.89 volatility points to 63.13 points over the observation window. That measure compares volatility implied by options near each asset’s current price. AVAX had the highest one-week ATM IV level in the group, while TRX had the lowest. The widening makes the contrast between the two a sharper description of the altcoin options market than the group’s common rise in short-dated volatility.
AVAX and TRX still marked the extremes of altcoin one-week at-the-money implied volatility at the 26 September, 18:31 UTC cutoff, but their gap narrowed over the preceding day. Derivasys data put the AVAX–TRX one-week ATM IV spread at 60.15 volatility points, down 3.97 points, as AVAX one-week ATM IV fell and TRX one-week ATM IV rose. The comparison describes how far apart their current volatility levels sit; the narrowing is a separate daily change. Skew moved differently across the complex, leaving the options picture less uniform than the closing volatility gap alone suggests.
Altcoin one-week ATM IV dispersion widened 2.95 volatility points to 64.19 points, its highest observed level in the available history. AVAX one-week ATM IV stood at 80.87%, while TRX one-week ATM IV stood at 16.68%. The spread shows a sharply differentiated options complex rather than a uniform altcoin-volatility move.
Altcoin one-week ATM IV changes diverged markedly at the cutoff: XRP one-week ATM IV fell 13.89 volatility points to 71.21%, while HYPE one-week ATM IV rose 1.79 volatility points to 63.67%. The resulting 15.68-point change dispersion was the widest in the available history, leaving a sharply uneven front-end volatility complex.
Altcoin options diverged over the 24-hour window: XRP one-week ATM IV rose 5.52 volatility points to 84.05%, while HYPE one-week ATM IV fell 4.30 volatility points to 61.70%. The resulting 9.82-point dispersion in one-week ATM IV changes was pronounced in Derivasys data. AVAX retained the highest one-week ATM IV level at 84.92%, versus TRX at 22.06%, although that level spread compressed by 1.44 volatility points to 62.86 points. One-minute realised-volatility comparisons were unavailable across the complex.
Altcoin one-week RR25 dispersion widened 5.09 volatility points to 8.91 points, as XRP’s one-week call-minus-put RR25 reached 9.91% while TRX’s stood at 1.00%. The widening marks a sharper separation in relative call-side volatility across the complex, even as the one-week ATM IV level gap between AVAX and TRX narrowed 0.24 points to 61.64 points.
Altcoin options retained an unusually broad range of one-week implied-volatility levels at the cutoff, even as the AVAX-to-TRX gap compressed by 3.66 volatility points to 62.46 points. Derivasys data show AVAX remained the richest one-week market at 81.01%, while TRX remained the cheapest at 18.55%. XRP supplied the sharpest one-week ATM IV increase, separating daily repricing from the still-wide level dispersion.
