$ERA (Caldera) Overview
• Project Background: Caldera is an Ethereum-based Layer 2 scaling platform focused on achieving blockchain scalability and interoperability through modular Rollup technology.
It allows developers to quickly deploy customized Rollup chains, supporting Ethereum and BNB Chain, providing an efficient, low-cost trading environment while maintaining the security and decentralization features of Ethereum.
Caldera is developed by Constellation Labs, with a core team including CEO Matthew Katz and CTO Parker Jou, who have extensive experience in Web3 infrastructure.
• Token Functions:
• Transaction Fees: ERA is used to pay for Gas fees for cross-Rollup interactions within the Caldera ecosystem.
• Staking: Supports validator nodes participating in the network to maintain network security by staking $ERA.
• Governance: Holders can participate in decentralized governance decisions such as protocol upgrades and fund allocations.
• Ecosystem Incentives: Used to reward developers, users, and validators to promote ecosystem growth.
• Token Economics:
• Total Supply: 1 billion ERA.
• Circulating Supply: Approximately 148.5 million (14.85% of total supply).
• Distribution: 7% allocated for airdrops, 20 million (2%) for marketing, with the remainder released gradually over a one-year lock-up period and a two-year unlocking plan, aimed at ensuring long-term stability.
• Supporters: Backed by top venture capital firms such as Sequoia and Dragonfly.
ERA Trading Information on Binance
• Listing Time:
ERA will go live on Binance on July 17, 2025, at 13:30 (UTC), supporting multiple trading pairs including ERA/USDT, ERA/USDC, ERA/BNB, ERA/FDUSD, and ERA/TRY, marked with a “Seed Tag” indicating it is a high-potential new project.
• Current Price (as of July 20, 2025):
• Price: Approximately $1.25 USD.
• 24-Hour Trading Volume: Approximately $535 million USD.
• Price Volatility: Decreased by 17.61% in the past 24 hours, with an all-time high of $2.00 (July 17) and an all-time low of $0.8501 (July 17).
• Market Performance:
• On the first day of listing (July 17), the price surged from $0.85 to $1.88, achieving a 120% increase within 24 hours.
• Current Market Capitalization: Approximately $185.3 million USD, with a market ranking of 248.