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BlackRock USD Institutional Digital Liquidity Fund (BUIDL) with the market cap of Ethereum

BlackRock USD Institutional Digital Liquidity Fund currently trades at $1.00 with a market cap of $2.20B. Ethereum's market cap is $302.04B — 137× larger. Here's what that gap means per token:

IMPLIED PRICE OF BUIDL AT ETH'S MARKET CAP
$137.08
Current Price
$1.00
Current Mcap
$2.20B
Target Mcap
$302.04B
Multiplier
137×
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How this is calculated

The implied price is current price × (target market cap ÷ current market cap), holding circulating supply constant. It answers "what if BlackRock USD Institutional Digital Liquidity Fund were valued like Ethereum" — it does not predict price, and it says nothing about the capital inflow required to get there. For that, PumpMath's volume calculator walks the actual AMM liquidity curve (x·y=k) of BlackRock USD Institutional Digital Liquidity Fund's deepest pool.

FAQ

What would BlackRock USD Institutional Digital Liquidity Fund be worth with Ethereum's market cap?

At Ethereum's current market cap of $302.04B, the implied price of BlackRock USD Institutional Digital Liquidity Fund is $137.08 per BUIDL — 137× its current price of $1.00.

How is the implied price calculated?

Implied price = current price × (target market cap ÷ current market cap). BlackRock USD Institutional Digital Liquidity Fund's market cap is $2.20B and Ethereum's is $302.04B, so the multiplier is 137×. The calculation assumes circulating supply stays constant.

Can BlackRock USD Institutional Digital Liquidity Fund realistically reach Ethereum's market cap?

Market cap comparisons show relative scale, not likelihood. Reaching a larger market cap requires sustained net capital inflow; the buy volume needed depends on liquidity, which you can estimate with PumpMath's volume calculator.

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