Summary
- BlackRock’s tokenized fund BUIDL saw its market capitalization increase by about 30% over the past 30 days.
- BUIDL is a tokenized U.S. Treasury fund issued by BlackRock, and the integration of on-chain distribution is said to have expanded liquidity.
- Centora said BUIDL’s growth rate accelerated after it became tradable on Uniswap.
BlackRock’s tokenized fund BUIDL has seen its market capitalization rise by about 30% over the past month.
According to on-chain data platform Centora on the 23rd, BUIDL’s market cap grew by roughly 30% over the past 30 days, with the pace of gains accelerating in particular after it became tradable on decentralized exchange Uniswap.
BUIDL is a tokenized U.S. Treasury fund issued by BlackRock, an RWA (real-world asset) product managed on a blockchain. The combination of on-chain distribution with a traditionally institution-centric structure is seen as having boosted liquidity.
Centora said, “The growth rate picked up after it became tradable on Uniswap.” This is attributed to improved accessibility as an asset previously centered on centralized platforms expanded into decentralized liquidity pools.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
