Caldera is an innovative platform for Rollup-as-a-Service (RaaS) that interfaces with layer twos and threes, making them easier to create and customize. Through Caldera’s Rollup Engine, developers can set up chains within minutes, picking the execution environment (like EVM, Optimism, ZK, or SolanaVM) and data availability layer (Celestia, EigenDA) that suits them best.
The Metalayer bolt underneath is an interoperability driving layer that facilitates secure, cross rollup, intent driven, and liquidity sharing. Using tools such as Hyperlane, it looks to create an efficient unification of rollup communication.
Caldera’s scale is nothing to frown at. They service between 10 to 27+ million unique wallets and within that range, process hundreds of millions of transactions. Currently, it powers between 50 to 75 active rollups and is estimated to support
400milliontoover1 billion in TVL.
$ERA Tokenomics & Utility
Token Details
• Total Supply: 1 billion ERA
• Initial Circulating Supply: ~148.5 million (14.85%)
Distribution Breakdown:
• Early Backers & Investors: 32.075%
• Community Treasury: 21% (includes 1% for airdrop)
• Foundation (Community & Treasury): ~14.94%
• Core Team: ~14.75%
• R&D: ~10.235%
• Airdrop: 7%
Unlock Schedule Highlights:
• Backers/Team: 1-year cliff, then 15% unlock, remainder over 24 months
Token Supply
1B ERA total, about 148.5M circulating (about 15%), FDV is roughly $847M.
Ecosystem Scale
50 to 75 rollups, $400M to $1B+ TVL, 10 to 27M wallets.
Architecture
Modular Rollup Engine and Metalayer offer rapid deployment and interoperability.
Utility Roles
Gas token, staking, and governance.
Tokenomics
Vested allocations, 7% airdrop, designed for long-term alignment.
Market Metrics
Price is about $0.84 to $0.96, cap is around $125M to $173M, daily volume is approximately $19M to $176M, ATH is about $1.96, and ATL is around $0.81.
Strategic Prospects
High flexibility, developer-friendly, interoperable infrastructure with strong support.
Key Risks
Pressure from unlocks, competition, and execution complexity.
$ERA is more than a token—it’s the connective tissue across Caldera’s visionary modular blockchain network. With strong user adoption and thoughtful tokenomics, it’s well-positioned for the future of Web3 infrastructure. But due diligence is essential—watch unlock events, ecosystem expansion, and competitive pressures closely.
