Caldera is a blockchain infrastructure platform specializing in Rollup-as-a-Service (RaaS) on Ethereum, enabling developers and projects to easily launch customizable, high-performance Layer 2 (L2) and Layer 3 (L3) blockchains. It positions itself as "The Internet of Chains," creating a network of interconnected, purpose-built blockchains that settle on Ethereum, with impressive ecosystem metrics including over $1 billion in Total Value Locked (TVL), more than 550 million total transactions, 17 million unique wallets, and over 75 deployed chains. Key features include a Rollup Engine for building scalable chains tailored to specific needs and the Metalayer, which connects rollups for shared liquidity, seamless cross-chain interactions, and even shared KYC compliance in some cases. Caldera supports applications in gaming (e.g., ApeChain, HYCHAIN, B3), AI (e.g., Cluster Protocol, HoloWorld, AlienX), and DeFi (e.g., Kinto, API3 OEV Network, Molten), offering benefits like zero-fee gameplay, low-cost AI model deployments, and modular exchanges with high throughput, all secured by Ethereum's Proof-of-Stake.1c5df8 The project is backed by prominent investors such as Sequoia Capital, Dragonfly, Founders Fund, and 1kx, with total funding around $24 million.cd826a Recent developments include the launch of "ERA Force One," a community platform that allows ERA token holders to access the development team, connect with other investors, check rankings, join exclusive Telegram groups, and claim .era usernames, alongside retroactive airdrops to reward early supporters.
ERA is the native utility and governance token of the Caldera ecosystem, powering the Metalayer protocol to enhance interoperability and scalability across Ethereum rollups.bb1127 It's used for paying fees across Caldera networks, governance decisions, and incentives like staking rewards.33cfaa As of today (August 21, 2025), ERA trades at approximately $0.84 USD on exchanges like Binance (via ERA/USDT pair), with a market cap of about $125.35 million, 24-hour trading volume of $25.11 million, circulating supply of 149 million tokens, and a total/max supply of 1 billion (leading to a fully diluted valuation of around $844 million).932a0e9adc8b Its all-time high was $1.73, and it ranks around #314 in popularity among cryptocurrencies, tagged under DeFi, scaling, smart contracts, and rollups.64d1ca ERA is also available for trading on other major platforms like Coinbase and Upbit, with investor tokens fully locked for one year to support long-term growth.Note that there's a separate token called Era Token (ERA7) from a gaming project, but that's unrelated to Caldera's ERA.
As for feedback, Caldera stands out as a promising player in the Ethereum scaling ecosystem, addressing real pain points like chain fragmentation and high deployment costs by making it possible to launch blockchains "in minutes, not months."802f37 Its focus on modularity and cross-chain liquidity via Metalayer could drive adoption in high-growth areas like AI and gaming, and the strong investor backing plus solid on-chain metrics (e.g., billions in TVL and transactions) suggest it's not just hype—it's delivering tangible value.
Community initiatives like ERA Force One are a smart move to boost engagement and loyalty, fostering a vibrant ecosystem.facc91ce56d7 On the token side, ERA's utility for fees and governance gives it intrinsic value, and its listing on Binance provides good liquidity, but the price has been volatile since launch (down from ATH), which is typical for new tokens in a competitive RaaS space with rivals like AltLayer or Conduit. Overall, it's a bullish long-term bet for those optimistic about Ethereum's rollup future, but as with all crypto, risks include market downturns, regulatory hurdles, and execution challenges—always DYOR and consider diversification.