Institution Invests $50 Million in ERA, Not Crazy but Understanding: This Token Can Set 'Rules' for Multi-Chain Ecosystem
Galaxy Digital's recent $50 million purchase of ERA has spread, with retail investors cursing 'the bag holders', but industry insiders are copying the homework: what they are grabbing is the 'chain rights' of the Caldera ecosystem! As the ecosystem's native token, ERA can determine three things: the Gas fee standards for new connections (for example, reducing fees by 30% for AI chains to attract developers), the node elections for cross-chain bridges (voting for the safest validators), and the investment direction of the ecosystem fund (for instance, investing $20 million to support DeFi chains) — this power is ten times greater than that of ordinary governance tokens!
More importantly, ERA's 'burning mechanism' hides the password for appreciation: 0.1% of ERA is burned with each transaction, and currently, the ecosystem burns 50,000 coins daily, which is twice the amount of new unlocks, leading to a decreasing circulation. Just like early BNB, which became more valuable as the Binance ecosystem expanded, ERA is rising alongside Caldera's 'chain GDP' (the total transactions across all chains). Institutions buying now means locking in the 'multi-chain expansion dividend' in advance.
Data doesn't lie: the ecosystem's TVL surged from $100 million to $1.5 billion, the number of developers tripled, and even traditional financial institutions are asking 'how to settle on-chain business using ERA'. One analyst predicts: once the number of chains surpasses 100, the demand for ERA could increase fivefold; at the current price of $1, it might just be the 'foot of the mountain price'!
