The logic of the ecological flywheel is particularly evident on Caldera. Its operating path is: developer deployment chain → user cross-chain interaction → capital and liquidity accumulation → attracting more developers and institutions → bringing in more users. Once this closed loop is established, it will create an unparalleled growth momentum.
What makes Caldera special is that it not only addresses the cold start of 'chain issuance' but also provides 'interoperable network effects' through Metalayer. This means that the addition of each new chain is not just an increase in nodes, but an enhancement of the entire network's value. Assets from one chain can seamlessly enter applications on another chain, forming a true multi-chain flywheel.
The moat created by this network effect is extremely strong. Competitors may offer similar chain issuance services, but it is difficult to replicate the interoperable ecosystem that Caldera has already built. As transaction volume and the number of chains increase, Caldera's ecological flywheel will only spin faster.
This is also why Messari emphasized in its report that Caldera has upgraded from a 'chain issuance tool' to a 'network platform'. The ecological flywheel is the fundamental logic for its long-term sustained value.
