Among the projects quietly gaining traction in the crypto world, Caldera is gradually revealing its unique potential. As a platform focused on Rollup-as-a-Service, Caldera not only assists project teams in deploying chains but is also reconstructing the entire service logic of Layer2. The ERA token, as its core driving force, is not only a governance credential but also a universal credential across the Rollup ecosystem, effectively breaking down the barriers between user experience, technical efficiency, and value closed-loop.

Recently, after launching on multiple exchanges, ERA has rapidly surged. Although the current price fluctuates in the $1.2–1.3 range, its overall market capitalization is nearing $200 million, with a fully diluted market cap approaching $1.4 billion. This is no longer the scale of a small project but a true mid-tier player. The logic behind this rise does not rely on emotional speculation but is based on clear technological product implementation and mechanism design. The market is beginning to realize that this is not a token with just a narrative, but a real product that possesses 'revenue model + depth of construction + multi-chain compatibility.'

Is there a 10x space in the future? It depends on whether it can maintain the main line of 'infrastructure standardization.' However, based on the current heat and trading data, the story of ERA has only just begun.