$ERA Token — Fueling Security, Governance & Interchain Value
Caldera’s native token, $ERA, is the operational backbone of this cross-rollup network. With a fixed supply of 1 billion tokens, ~7% were distributed via airdrop, and major allocations locked over time to support long-term ecosystem growth. Token holders use ERA to pay gas fees across all Caldera chains, stake to secure cross-chain messaging and potential ZK-powered subnets, and vote on governance decisions, protocol upgrades, grant funding, and node representation. As Caldera rollups communicate and share liquidity via the Metalayer, ERA-powered infrastructure aligns economic usage with token demand.
Launched on July 17, 2025, ERA jumped intraday from ~$0.80 to ~$1.88 and crossed a $270M market cap within 24 hours. It is already listed on major exchanges like Binance, Coinbase, Gate.io, MEXC, KuCoin, and Bitget.
