ACTIVE

ENA→

BUIDL

ENA WOULD BE$0.2303

MULTIPLIER▲ 1.03x

TARGET MCAP$2.33B

G.MARKETS/PAIR ANALYSIS·

ENA→

BUIDL· LIVE· as of 11:35 UTC

THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

ENA WOULD BE

$0.00000000

currently $0.2229 · target mcap $2.33B

#46 · ENA$0.2229▲ 9.5%

#44 · BUIDL$1.00▲ 0.0%

▲ 0.00x TO MATCHENA NEEDS A 1.03x MOVE TO MATCH BUIDL

REALITY CHECKAt ENA's current 24h rate of +9.53%, compounding daily would take ~1 days to reach BUIDL's market cap.

COIN PROFILES·ENA vs BUIDL

ENAUnverified

Ethena

SOURCE

PRICE$0.2229

24H CHANGE▲ 9.53%

MARKET CAP$2.25BFDV $3.35B · 33% supply locked

RANK#46

SUPPLY10.1B ENA

DOMINANCE0.08%

7d▲ 54.49%

BUIDLUnverified

BlackRock USD Institutional Digital Liquidity Fund

TARGET

PRICE$1.00

24H CHANGE▲ 0.00%

MARKET CAP$2.33BFDV $2.33B · Fully circulating

RANK#44

SUPPLY2.3B BUIDL

DOMINANCE0.08%

7d▲ 0.00%

PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y

SCALE·AREA = MARKET CAP

MARKET CAParea = proportional cap

ENA$2.25B

BUIDL$2.33B

THE CLIMB

ENA→

BUIDLMULTIPLIER▲ 1.03xGAP$74.49M

SOURCEENA$2.25B

TARGETBUIDL$2.33B

USDY$2.26B

log scale · mcap in USDSep 21, 2026

ENAEthena

$2.25BSOURCE

USDY

$2.26B

BUIDLBlackRock USD Institutional Digital Liquidity Fund

$2.33BTARGET

mcap in USDSep 21, 2026

BAG SCENARIOS·IF ENA HIT BUIDL MCAP·TARGET $0.2307

SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN

$10 starter100 ENA$22.29$23.07+$0.7784

Coffee money1K ENA$222.92$230.70+$7.78

Small bag10K ENA$2,229.21$2,307.05+$77.84

Real bag100K ENA$22,292.10$23,070.48+$778.38

Whale bag1M ENA$222,921.00$230,704.76+$7,783.76

Generational10M ENA$2,229,210.00$2,307,047.58+$77,837.58

FOR CONTEXT

$2.33B compared to the world

NikeNKE

$130.00B

BUIDL mcap is 1.8% of Nike

StarbucksSBUX

$100.00B

BUIDL mcap is 2.3% of Starbucks

SpotifySPOT

$90.00B

BUIDL mcap is 2.6% of Spotify

RobloxRBLX

$30.00B

BUIDL mcap is 7.8% of Roblox

RedditRDDT

$25.00B

BUIDL mcap is 9.3% of Reddit

SnapchatSNAP

$20.00B

BUIDL mcap is 11.6% of Snapchat

RELATED COMPARISONS·OTHER WAYS TO ASK

About this comparison

This page compares the market capitalizations of Ethena (ENA) and BlackRock USD Institutional Digital Liquidity Fund (BUIDL). With Ethena currently at $0.2229 per coin and a market cap of $2.25B, and BlackRock USD Institutional Digital Liquidity Fund at $1.00 with a market cap of $2.33B, applying BlackRock USD Institutional Digital Liquidity Fund's market cap to Ethena's circulating supply produces a hypothetical ENA price of $0.2307 — a 1.03x move from current.

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If Ethena had BlackRock USD Institutional Digital Liquidity Fund's market cap, what would the price be?

If Ethena (ENA) had BlackRock USD Institutional Digital Liquidity Fund's (BUIDL) current market cap of $2.33B, each ENA would be worth approximately $0.2307 based on the circulating supply of 10,095,312,500 ENA. That is 1.03x the current ENA price of $0.2229.

What is the current market cap of Ethena?

Ethena (ENA) currently has a market cap of $2.25B, ranking #46 by market capitalization. Each ENA trades at $0.2229.

What is the current market cap of BlackRock USD Institutional Digital Liquidity Fund?

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) currently has a market cap of $2.33B, ranking #44 by market capitalization. Each BUIDL trades at $1.00.

How does ENA compare to BUIDL?

Ethena's market cap of $2.25B sits slightly above BlackRock USD Institutional Digital Liquidity Fund's $2.33B. For ENA to reach BUIDL's current valuation, the price would need to move 1.03x from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Ethena's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.

If ENA▾ had BUIDL▾'s mcap →

FOR CONTEXT

About this comparison

Frequently asked

More comparisons

If had 's mcap →