Pendle Outpaces ETH by 24 Percentage Points in 7 Days — DeFi Yield Sector Decoupling
Pendle gained +31.95% over the 7 days to April 17 while ETH gained +7.77% — a 24.2-percentage-point spread that signals a specific rotation into yield-bearing DeFi protocols rather than broad ETH beta. PENDLE has rallied +47.7% from its 90-day low of $0.969 hit on April 5, yet remains 36% below its 90-day high, leaving room for continuation.
Supporting 9 queries
To surface this insight, Baselight ran 9 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
PENDLE 7d return = +31.95%; ETH 7d return = +7.77%; spread = 24.18 ppts; PENDLE close Apr 17 = $1.432; 90d low = $0.969 (Apr 5), 90d high = $2.232; recovery from low = +47.7%; still 35.8% below 90d high; vol expansion = +96.1% vs prior 14d.