01 · Market read
The day across four newer Derivasys markets.
1 of four markets has a like-for-like 24-hour baseline. Current levels are retained for every live asset; missing changes are never treated as zero.
This is a comparison of separate fitted surfaces. It is not a pooled altcoin index, and unavailable history is not converted into a zero move.
02 · Altcoin scorecard
Current one-week volatility, skew and convexity.
| Asset | Forward proxy | Forward 24h | 1W ATM | 1W ATM Δ | 1W RR25 | 1W BF25 | Status |
|---|---|---|---|---|---|---|---|
| XRP | +1.3900 | Unavailable | +69.31% | Unavailable | +4.13 vol pts | +4.35 vol pts | Baseline rejected |
| HYPE | +83.0300 | +1.96% | +71.45% | -2.02 vol pts | +6.59 vol pts | +9.69 vol pts | 24h comparable |
| AVAX | +7.3400 | Unavailable | +64.02% | Unavailable | +2.22 vol pts | +4.16 vol pts | History accumulating |
| TRX | +0.3400 | Unavailable | +23.22% | Unavailable | -1.18 vol pts | +1.80 vol pts | History accumulating |
XRP: The comparison surface failed the 1W ATM IV plausibility check.
AVAX: A full 24-hour production baseline was not yet available at the cutoff.
TRX: A full 24-hour production baseline was not yet available at the cutoff.
03 · Term structures
ATM implied volatility across standard tenors.
| Asset | 1W ATM / Δ | 1M ATM / Δ | 3M ATM / Δ | 6M ATM / Δ | 1Y ATM / Δ |
|---|---|---|---|---|---|
| XRP | 69.31% / Unavailable | 66.15% / Unavailable | 63.77% / Unavailable | 63.17% / Unavailable | 62.86% / Unavailable |
| HYPE | 71.45% / -2.02 | 68.60% / +4.01 | 67.20% / -0.44 | 66.85% / -1.53 | 66.67% / -2.07 |
| AVAX | 64.02% / Unavailable | 57.29% / Unavailable | 56.01% / Unavailable | 55.69% / Unavailable | 55.53% / Unavailable |
| TRX | 23.22% / Unavailable | 22.51% / Unavailable | 21.22% / Unavailable | 20.90% / Unavailable | 20.73% / Unavailable |
04 · News check
No sufficiently relevant altcoin-specific context identified.
The local-news search returned no credible XRP, HYPE, AVAX or TRX event inside the comparison window. The edition therefore leaves the measured surface moves unattributed.
05 · Methodology and provenance
An availability-aware daily comparison.
Latest successful snapshot at or before the common cutoff versus the nearest successful snapshot 24 hours earlier, within a three-hour tolerance.
Current levels remain visible when a 24-hour baseline does not yet exist; changes stay null rather than being inferred from a shorter window.
The “forward proxy” is the fitted forward for the nearest ranking-eligible listed expiry; it is not a consolidated spot index.