Caldera is a rollup-as-a-service platform that provides a ‘metallayer’ infrastructure for Ethereum $ETH Layer-2 solutions. Its native token is $ERA , which is used for inter-chain transactions, staking, and governance. It has been backed by major investors such as Sequoia and Dragonfly, and its growing adoption with over 60 live rollups is a major positive.
Currently, the ERA token market is experiencing high volatility. The price has seen significant fluctuations since its recent listing. However, the long-term prospects are considered quite bright due to its strong technical foundation and growing ecosystem. It is important for investors to monitor market movements carefully.
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