01 · Weekly briefing
The week’s relative-value signal.
XRP 1W ATM implied volatility rose 7.90 volatility points over seven days, while AVAX 1W ATM implied volatility fell 5.71 volatility points, producing a 1W ATM IV weekly change range of 13.61 volatility points. Their aligned comparison runs from October 10 to October 17 at 16:31 UTC. Derivasys surfaces show closing 1W ATM IV of 54.61% for XRP versus 62.27% for AVAX: the strongest weekly increase differed from the highest closing level. The broader divergence paired rising Ether and Solana volatility with falling HYPE volatility. Over seven days, ETH 1W ATM IV rose 5.10 volatility points. SOL 1W ATM IV rose 4.72 volatility points, while HYPE 1W ATM IV fell 4.94 volatility points. BTC 1W ATM IV rose 0.60 volatility points, whereas TRX 1W ATM IV fell 0.75 volatility points. TRX uses earlier native endpoints than the other constituents. A coordinated seven-asset pattern and matching dispersion history are unavailable, so these observations support no historical-rarity claim.
02 · Options market read
Dispersion across the seven-market complex.
One-week ATM IV changes ranged from -5.71 vol pts in AVAX to +7.90 vol pts in XRP, a 13.61-point spread.
One-week ATM IV levels spanned 40.44 volatility points, with AVAX highest and TRX lowest.
03 · Catalyst check
Relevant context retained.
The central research dossier identified events relevant to the covered options markets; they are retained as context rather than assigned as causes.
Other asset and market reporting
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04 · Cross-asset scorecard
Implied volatility, realised volatility and skew.
| Asset | 1W ATM | Weekly ATM Δ | 7d RV | 1W IV − 7d RV | 1W RR25 | Weekly RR25 Δ | 1W BF25 |
|---|---|---|---|---|---|---|---|
| BTC | 31.36% | +0.60 vol pts | 34.07% | -2.71 vol pts | -4.46 vol pts | -1.44 vol pts | 2.00 vol pts |
| ETH | 46.00% | +5.10 vol pts | 50.70% | -4.70 vol pts | -4.75 vol pts | -1.63 vol pts | 2.99 vol pts |
| SOL | 53.64% | +4.72 vol pts | 63.21% | -9.57 vol pts | -3.42 vol pts | -2.35 vol pts | 3.88 vol pts |
| XRP | 54.61% | +7.90 vol pts | 57.31% | -2.70 vol pts | -1.14 vol pts | -2.98 vol pts | 3.86 vol pts |
| HYPE | 50.84% | -4.94 vol pts | 62.74% | -11.90 vol pts | -1.13 vol pts | -1.07 vol pts | 2.33 vol pts |
| AVAX | 62.27% | -5.71 vol pts | 79.01% | -16.74 vol pts | -2.03 vol pts | -5.86 vol pts | 3.59 vol pts |
| TRX | 21.83% | -0.75 vol pts | 13.95% | +7.88 vol pts | +3.41 vol pts | +3.22 vol pts | 2.41 vol pts |
05 · Relative-value rankings
Leaders and laggards at the common cutoff.
| Metric | 1st | 2nd | 3rd |
|---|---|---|---|
| 1W ATM IV level | AVAX · +62.27 | XRP · +54.61 | SOL · +53.64 |
| Weekly 1W ATM IV change | XRP · +7.90 | ETH · +5.10 | SOL · +4.72 |
| Largest absolute 1W ATM IV move | XRP · +7.90 | AVAX · -5.71 | ETH · +5.10 |
| 1W IV minus 7d realised | TRX · +7.88 | XRP · -2.70 | BTC · -2.71 |
| Highest 1W RR25 | TRX · +3.41 | HYPE · -1.13 | XRP · -1.14 |
| Lowest 1W RR25 | ETH · -4.75 | BTC · -4.46 | SOL · -3.42 |
| 7d forward-proxy return | TRX · +3.03 | SOL · -6.23 | AVAX · -6.76 |
TRX has the highest 1W IV-minus-7D-RV spread at +7.88 vol points; AVAX has the lowest at -16.74 vol points. The range between these spreads is 24.62 vol points.
06 · Term structures
Supported ATM tenors only.
| Asset | 1W ATM / Δ | 1M ATM / Δ | 3M ATM / Δ | 6M ATM / Δ |
|---|---|---|---|---|
| BTC | 31.36% / +0.60 | 35.76% / +0.76 | 36.67% / -0.36 | 37.69% / -0.32 |
| ETH | 46.00% / +5.10 | 49.07% / +1.79 | 50.59% / +0.35 | 51.94% / -0.34 |
| SOL | 53.64% / +4.72 | 54.68% / +3.93 | Unavailable | Unavailable |
| XRP | 54.61% / +7.90 | 55.24% / +3.20 | Unavailable | Unavailable |
| HYPE | 50.84% / -4.94 | 55.30% / +1.22 | Unavailable | Unavailable |
| AVAX | 62.27% / -5.71 | 62.62% / -7.70 | Unavailable | Unavailable |
| TRX | 21.83% / -0.75 | 16.09% / -6.45 | Unavailable | Unavailable |
Unbracketed standard tenors are unavailable; the page does not display extrapolated surface values.
Evidence, source data and methodology
Original report summary
XRP 1W ATM implied volatility rose 7.90 volatility points over seven days while AVAX 1W ATM implied volatility fell 5.71 volatility points. The cross-asset 1W ATM IV weekly change range was 13.61 volatility points. AVAX nevertheless closed with higher 1W ATM IV than XRP. The broader seven-asset comparison includes TRX observations measured at earlier native endpoints.
Data quality · 7d realised volatility
All assets have a recorded maximum-gap limit of 60 minutes. Availability and option-tenor support are separate checks.
| Asset | RV availability | Coverage status | Observed coverage | Minimum coverage | Largest gap | Gap limit |
|---|---|---|---|---|---|---|
| BTC | Available | complete | 100.00% | 97% | 0 min | 60 min |
| ETH | Available | complete | 100.00% | 99.5% | 0 min | 60 min |
| SOL | Available | complete | 100.00% | 99.5% | 0 min | 60 min |
| XRP | Available | complete | 100.00% | 99.5% | 0 min | 60 min |
| HYPE | Available | complete | 100.00% | 99.5% | 0 min | 60 min |
| AVAX | Available | complete | 100.00% | 99.5% | 0 min | 60 min |
| TRX | Available | complete | 100.00% | 99.5% | 0 min | 60 min |
07 · Methodology
Aligned, availability-aware weekly evidence.
Latest successful snapshot at or before the common cutoff versus the nearest successful snapshot seven days earlier, within a three-hour tolerance.
Standard-tenor values are published only when listed expiries bracket the target on both endpoints; extrapolated values are suppressed.
Seven-day performance uses the nearest eligible listed forward available at both endpoints.