📉 Price Snapshot (as of July 30, 2025)
is trading at approximately $1.11 USD, showing a −9% to −11% decline in the past 24 hours, and a −14% drop over the past 7 days
Circulating supply stands at ~148.5 million tokens (≈14.85% of max supply), for a market cap near $165M
All‑time high: $2.00 reached on July 17, 2025; current price is ~44% below that peak
🚀 Catalyst: Exchange Listings & Airdrop Surge
ERA rallied aggressively—up 85% to over $1.80 on July 18, 2025, following listings on Binance, Coinbase, Upbit, and others
Listings boosted liquidity across key markets, and catalyzed retail demand
Dual airdrop campaigns fueled adoption:
Caldera Foundation allocated 7% of total supply (~70M ERA) to early supporters and testnet users, claimable starting July 10
Binance distributed ~20M ERA via its HODLer / Alpha points program
🧱 What Is Caldera?
Caldera is a Rollup‑as‑a‑Service (RaaS) and now evolving into an Ethereum “Metalayer”, enabling scalable, interoperable app‑chains across frameworks like Optimistic, ZK, Arbitrum, etc.
As of mid‑July, Caldera supports 50+ rollups, serving 27 million wallets and managing $400–600 M in TVL
🛠️ ERA Token Utility & Economics
Utility token powering fees, staking (via Guardian nodes), and governance across Caldera-powered networks
Omnichain gas token: simplifies cross-rollup payments without requiring multiple tokens
Staking confers voting power (enhanced when tokens are locked) and supports network security
Tokenomics in brief:
Max supply: 1 billion ERA
Circulating: ~148.5 M ERA (~14.85%)
⚠️ Market Risks & Outlook
Following a massive listing-related pump, rapid sell-off by airdrop recipients may explain current pullback
Price volatility typical post‑listing: technical analysts flagged “strong sell” sentiment on Bitget’s 1‑day and 4‑hour charts as of July 30
Caldera’s future hinges on adoption of the Metalayer idea—its success depends on cross-rollup integrations and ecosystem growth