01 · Market read
The day across four newer Derivasys markets.
XRP’s one-week ATM IV fell 6.06 volatility points while TRX one-week ATM IV rose 4.24 volatility points, producing the complex’s defining 10.30-point dispersion.
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 | +1.3700 | -0.72% | +64.28% | -6.06 vol pts | +0.81 vol pts | +3.77 vol pts | 24h comparable |
| HYPE | +82.2200 | -1.71% | +70.45% | -0.92 vol pts | +2.64 vol pts | +3.90 vol pts | 24h comparable |
| AVAX | +7.2600 | +0.83% | +53.52% | -4.33 vol pts | +0.51 vol pts | +3.21 vol pts | 24h comparable |
| TRX | +0.3200 | -3.03% | +24.97% | +4.24 vol pts | -0.19 vol pts | +2.25 vol pts | 24h comparable |
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 | 64.28% / -6.06 | 64.01% / -2.96 | 62.70% / -1.93 | 62.38% / -1.66 | 62.21% / -1.54 |
| HYPE | 70.45% / -0.92 | 67.97% / +1.12 | 67.68% / +0.41 | 67.61% / +0.24 | 67.57% / +0.15 |
| AVAX | 53.52% / -4.33 | 56.06% / -1.30 | 56.20% / -0.16 | 56.23% / +0.12 | 56.25% / +0.27 |
| TRX | 24.97% / +4.24 | 17.89% / -1.02 | 18.04% / -0.75 | 18.07% / -0.69 | 18.09% / -0.66 |
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.