01 · Market read
What is unusual across the altcoin options complex.
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.
HYPE had the highest 1W RR25 at +6.59 points, call-rich; TRX had the lowest at -1.18 points, put-rich.
This is a comparison of separate fitted surfaces, not a pooled altcoin index; unavailable history is not converted into a zero move.
03 · Altcoin scorecard
Current one-week volatility, realised value and skew.
| Asset | Spot 24h | Forward proxy | 1W ATM | 1W ATM Δ | 7d RV | 1W IV − 7d RV | IV/RV ratio | Spread percentile | 1W RR25 | Fit evidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XRP | Unavailable | $1.39 | 69.31% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | +4.13 vol pts | Accepted fit · 6 expiries | Baseline rejected |
| HYPE | Unavailable | $83.03 | 71.45% | -2.02 vol pts | Unavailable | Unavailable | Unavailable | Unavailable | +6.59 vol pts | Accepted fit · 6 expiries | 24h comparable |
| AVAX | Unavailable | $7.34 | 64.02% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | +2.22 vol pts | Accepted fit · 5 expiries | History accumulating |
| TRX | Unavailable | $0.34 | 23.22% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | -1.18 vol pts | Accepted fit · 5 expiries | 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.
04 · 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 |
05 · Catalyst check
News context unavailable.
News context was not collected.
Evidence, source data and methodology
Altcoins report data
Download the report’s stored cross-asset comparisons, rankings, declared lead evidence and per-asset quality information. Missing analysis remains unavailable.
Original report summary
XRP forward not yet comparable and one-week ATM IV not yet comparable; HYPE forward +1.96% and one-week ATM IV -2.02 points; AVAX forward not yet comparable and one-week ATM IV not yet comparable; TRX forward not yet comparable and one-week ATM IV not yet comparable. AVAX and TRX are shown with current levels only because their production histories began less than 24 hours before the cutoff. The candidate XRP baseline failed the plausibility check and was excluded rather than reported as a market move.
At report cutoff · Levels and stored endpoint changes
What matters now
Vol: XRP 1W ATM IV 69.31% · Δ Unavailable; HYPE 1W ATM IV 71.45% · Δ -2.02 vol pts; AVAX 1W ATM IV 64.02% · Δ Unavailable; TRX 1W ATM IV 23.22% · Δ Unavailable
Skew: XRP 1W RR25 4.13 vol pts · Δ Unavailable; HYPE 1W RR25 6.59 vol pts · Δ +5.23 vol pts; AVAX 1W RR25 2.22 vol pts · Δ Unavailable; TRX 1W RR25 -1.18 vol pts · Δ Unavailable
Vol
XRP 1W ATM IV 69.31% · Δ Unavailable
HYPE 1W ATM IV 71.45% · Δ -2.02 vol pts
AVAX 1W ATM IV 64.02% · Δ Unavailable
TRX 1W ATM IV 23.22% · Δ Unavailable
Skew
XRP 1W RR25 4.13 vol pts · Δ Unavailable
HYPE 1W RR25 6.59 vol pts · Δ +5.23 vol pts
AVAX 1W RR25 2.22 vol pts · Δ Unavailable
TRX 1W RR25 -1.18 vol pts · Δ Unavailable
Wings
XRP 1W BF25 4.35 vol pts · Δ Unavailable
HYPE 1W BF25 9.69 vol pts · Δ +6.61 vol pts
AVAX 1W BF25 4.16 vol pts · Δ Unavailable
TRX 1W BF25 1.80 vol pts · Δ Unavailable
IV versus RV
XRP Unavailable
HYPE Unavailable
AVAX Unavailable
TRX Unavailable
Unavailable readings: XRP IV versus RV; HYPE IV versus RV; AVAX IV versus RV; TRX IV versus RV. See the report’s data availability notes.
Δ compares the report’s stored surface endpoints. IV versus RV is a level comparison, not a daily change.
Component cutoffs: XRP 30 Aug 2026, 08:07 UTC; HYPE 30 Aug 2026, 08:07 UTC; AVAX 30 Aug 2026, 08:03 UTC; TRX 30 Aug 2026, 08:07 UTC. Each asset is shown separately.
7D realised volatility · data quality
| Asset | Recorded RV | Status | Coverage / required | Longest gap / maximum |
|---|---|---|---|---|
| XRP | Unavailable | Unavailable | not recorded / not recorded required | not recorded / not recorded maximum |
| HYPE | Unavailable | Unavailable | not recorded / not recorded required | not recorded / not recorded maximum |
| AVAX | Unavailable | Unavailable | not recorded / not recorded required | not recorded / not recorded maximum |
| TRX | Unavailable | Unavailable | not recorded / not recorded required | not recorded / not recorded maximum |
Thresholds are asset-specific policies recorded in this edition. Each window is assessed independently; returns spanning gaps are excluded. Partial estimates may miss volatility during gaps.
RV coverage and methodology
XRP · Unavailable · Surface cutoff 30 Aug 2026, 08:07:00 UTC · 7D coverage not recorded / not recorded required · largest 7D gap not recorded / not recorded maximum · maximum gap not recorded. RV suppressed — valid 7D coverage was not recorded. Full 7D coverage policy was not recorded.
HYPE · Unavailable · Surface cutoff 30 Aug 2026, 08:07:00 UTC · 7D coverage not recorded / not recorded required · largest 7D gap not recorded / not recorded maximum · maximum gap not recorded. RV suppressed — valid 7D coverage was not recorded. Full 7D coverage policy was not recorded.
AVAX · Unavailable · Surface cutoff 30 Aug 2026, 08:03:00 UTC · 7D coverage not recorded / not recorded required · largest 7D gap not recorded / not recorded maximum · maximum gap not recorded. RV suppressed — valid 7D coverage was not recorded. Full 7D coverage policy was not recorded.
TRX · Unavailable · Surface cutoff 30 Aug 2026, 08:07:00 UTC · 7D coverage not recorded / not recorded required · largest 7D gap not recorded / not recorded maximum · maximum gap not recorded. RV suppressed — valid 7D coverage was not recorded. Full 7D coverage policy was not recorded.
06 · 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.
Realised volatility uses the canonical minute index for each asset. Spot returns and rankings use the same stored 24-hour index return; missing index returns remain unavailable. Forward levels and any legacy forward-return rankings are labelled separately.