Caldera, launched in 2023, is a trailblazing Rollup-as-a-Service (RaaS) platform that simplifies the deployment of customizable Ethereum Layer-2 rollups. By introducing the Metalayer, a unifying interoperability layer, Caldera connects diverse rollups like Manta Pacific and RARI Chain, enabling seamless cross-chain interactions while leveraging Ethereum’s security. With over $550 million in Total Value Locked (TVL) and 80 million transactions across 60+ rollups, Caldera is a cornerstone of Web3 scalability. The $ERA token, with a fixed 1 billion supply, powers this ecosystem, driving innovation in DeFi, gaming, and NFTs.
The $ERA token serves as the lifeblood of Caldera’s Metalayer, offering multiple utilities. Primarily, it functions as an omnichain gas token, allowing users to pay transaction fees across all Caldera-powered rollups, simplifying interactions and reducing costs compared to Ethereum’s high gas fees. This streamlines operations for dApps, enhancing user experience. Additionally, $ERA supports network security through staking, where validators lock tokens to secure the Metalayer’s decentralized validator network, earning rewards for maintaining integrity.
Governance is another key utility, empowering ERA holders to vote on protocol upgrades, treasury allocations, and ecosystem grants, fostering community-driven development. A 7% community airdrop, launched in July 2025, rewarded early adopters, while 20% of tokens fuel liquidity mining and developer bounties, incentivizing ecosystem growth. Backed by Sequoia Capital and Dragonfly, Caldera’s transparent tokenomics—32% to investors, 35% to foundation and R&D—ensure long-term sustainability.
By enabling one-click rollup deployment and supporting multi-VM environments (EVM, SolanaVM), Caldera empowers developers to build high-performance dApps. The ERA token’s role in gas fees, staking, and governance positions it as a vital asset, driving Caldera’s mission to create a cohesive, scalable Ethereum ecosystem.
