BlackRock USD Institutional Digital Liquidity Fund BUIDL

BUIDL has moved +0.00% in the last day, +0.00% over the week. The all-time high of $1.00 was set 479 days ago, leaving BUIDL at 100% of that peak. The asset is at or above its prior record, an unusual show of strength. The weekly and monthly trends are pulling in opposite directions, a hallmark of a market in transition.

Volatility & risk

Realised volatility for BUIDL is currently relatively contained, with a 7-day annualised reading near 0%. That makes it calmer than most large caps (less volatile than 100% of peers), which can suit lower-risk allocations. Day-to-day ranges are wide by traditional-asset standards but restrained for crypto.

Liquidity & trading depth

Over the last 24 hours roughly $0 changed hands, equal to about 0% of the circulating market value turning over in a day. That is thin turnover relative to market cap, so larger trades can move the price meaningfully and spreads may widen in stress. Liquidity health scores 0/100 on our composite, which blends 24-hour volume against market capitalisation.

Correlation with Bitcoin & markets

Over the past week, BUIDL's hourly returns show a correlation of 0.00 with Bitcoin. That is a loose link — BUIDL has moved with relative independence from Bitcoin, which can add diversification to a crypto basket. Correlation regimes shift, so this figure is a snapshot rather than a constant.

On-chain value & TVL

The DeFi ecosystem built on or powered by BlackRock USD Institutional Digital Liquidity Fund currently secures roughly $2.95B in total value locked (TVL) — the dollar value of assets deposited in its protocols. Against a market capitalisation of $2.41B, that gives a market-cap-to-TVL ratio of 0.82. A ratio below 1 means BUIDL's market value is smaller than the capital its ecosystem secures — a configuration value investors often read as relatively cheap, though it can also signal a token whose price has lagged its on-chain usage. TVL is a useful gauge of real economic usage, but it rises and falls with token prices, so read it alongside the trend in deposits rather than the dollar figure alone.

Our outlook blends three independent lenses. The technical model reads momentum as neutral and frames a near-term band of $0.9000 to $1.12. The statistical model, driven by realised volatility, centres near $1.00 with a one-horizon spread of $1.00 to $1.00. The relative model, anchored to how comparable top-100 assets have performed (median -4.53% over the past week), points to $0.8973 to $1.08. Blending the three yields the horizon-by-horizon ensemble in the table below. Model confidence is Medium, reflecting data completeness and liquidity. These are probabilistic scenarios generated from market data — not guarantees, and not financial advice.

BlackRock USD Institutional Digital Liquidity Fund has a circulating supply of 2,407,226,190 BUIDL. There is no fixed hard cap; total supply currently stands near 2,407,226,190 tokens. Without a ceiling, long-run scarcity depends on the protocol's issuance and any burn mechanics. Fully diluted valuation and circulating market cap can diverge sharply when a large share of tokens is still locked, so both are worth comparing before drawing conclusions about value.

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is the 40th-ranked cryptocurrency tracked on TBN Express, with live pricing, derived risk metrics and a multi-model outlook refreshed throughout the day. The profile below combines project information with our own quantitative read of how BUIDL is trading right now.