will $ERA pass the “airdrop + gas” stress test?
Quick read: Caldera is pitching a modular Metalayer for rollups — one token to settle gas, stake, and link bespoke L2s. That design aims to turn cross-rollup fees into steady protocol demand, not just speculative flows.
What to watch (short, sharp):
🔎 Supply math: max supply = 1,000,000,000 ERA, circulating ≈ 148.5M — that’s 15% live liquidity today (watch unlock schedule closely).
⚙️ Utility test: ERA is explicitly the gas + staking token for Metalayer rollups — meaning real transaction volume (not just listings) must absorb sell pressure.
🔥 Timing risk: Binance is running CreatorPad + a public HODLer airdrop & campaign ($100k ERA rewards + a 20M ERA Binance tranche). Those marketing flows could create short-term supply shocks unless matched by on-chain fee pull.
