Divergence04CRYPTO2026-05-11

PENDLE gains 89% in 30 days — outpacing Bitcoin by 7,670 basis points and Ether by 8,285 basis points

Pendle (PENDLE) has risen 89.1% over the past 30 days to $2.01, while Bitcoin gained 12.4% and Ether gained just 6.2% over the same window.
The gap — 7,670 basis points ahead of BTC and 8,285 basis points ahead of ETH — represents a significant 30-day outperformance spread.
PENDLE closed at $2.01 on May 9, just 2.9% below its 90-day high of $2.07 set on May 8, having more than doubled from its 90-day low of $1.02.

Supporting datasets

CoinDesk Indices: Single Tokens, Multi-Assets and Rates

Candlestick data for various CoinDesk indices

3 tables52.24 MB

May 30, 2026

Supporting queries

To surface this insight, Baselight ran 7 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.

Conclusion

PENDLE 30d: ($2.0123 − $1.0645) / $1.0645 = +89.05%. BTC 30d: ($80,667 − $71,797) / $71,797 = +12.35%. ETH 30d: ($2,326 − $2,191) / $2,191 = +6.20%. BTC divergence: 76.70 ppts = 7,670 bps. ETH divergence: 82.85 ppts = 8,285 bps. 90-day high: $2.0743 (May 8). 90-day low: $1.0152. Fresh: divergence computed on May 9 closing prices.