Daily altcoin options report · XRP, HYPE, AVAX and TRX

AVAX leads the comparable altcoin volatility moves31 August 2026

XRP forward -0.71% and one-week ATM IV +0.30 points; HYPE forward +3.31% and one-week ATM IV -4.99 points; AVAX forward -2.17% and one-week ATM IV -7.29 points; TRX forward -2.94% and one-week ATM IV -4.19 points.

01 · Market read

The day across four newer Derivasys markets.

4 of four markets have 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.

AssetForward proxyForward 24h1W ATM1W ATM Δ1W RR251W BF25Status
XRP+1.3900-0.71%+70.35%+0.30 vol pts+2.51 vol pts+2.81 vol pts24h comparable
HYPE+84.5100+3.31%+71.52%-4.99 vol pts+0.38 vol pts+4.14 vol pts24h comparable
AVAX+7.2100-2.17%+57.77%-7.29 vol pts+1.75 vol pts+3.81 vol pts24h comparable
TRX+0.3300-2.94%+19.99%-4.19 vol pts+2.95 vol pts+2.45 vol pts24h comparable

03 · Term structures

ATM implied volatility across standard tenors.

Asset1W ATM / Δ1M ATM / Δ3M ATM / Δ6M ATM / Δ1Y ATM / Δ
XRP70.35% / +0.3067.81% / +1.7565.87% / +3.0465.38% / +3.3765.13% / +3.54
HYPE71.52% / -4.9967.64% / -3.0867.21% / -1.7067.11% / -1.3567.06% / -1.17
AVAX57.77% / -7.2957.23% / -0.8556.18% / -0.3055.92% / -0.1555.79% / -0.08
TRX19.99% / -4.1917.65% / -5.0918.26% / -3.7018.40% / -3.3718.48% / -3.19

04 · News check

No sufficiently relevant altcoin-specific context identified.

No canonical XRP, HYPE, AVAX or TRX event qualified inside the comparison window.

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.