With the recent surge of ETH, the recently listed ERA on Binance has also surprised everyone.
Thanks to the rise of ETH, the Ethereum chain has also begun to explode, and just after being listed on Binance, ERA skyrocketed to $2. Those who got in on this wave have basically earned over $200, definitely a big win.
What is the connection between ERA and ETH?
ERA is positioned as a service platform that allows developers to deploy customized Ethereum Layer2-Rollup chains with one click, and can choose the data availability layer and virtual machine. As of now, ERA supports 50 Rollup chains, managing over $600 million in assets and serving over 26 million wallets.
Core technology of ERA: Metalayer cross-chain protocol
By using the built-in Metalayer protocol, it achieves native cross-chain interoperability. Based on Hyperlane's messaging and Across's intent engine, it can achieve second-level asset cross-chain settlement without additional bridge configurations. This design solves the problem of fragmentation in the multi-chain ecosystem and is the core competitiveness of ERA.
ERA's capital backing and ecological scale
Secured investments from top institutions such as Sequoia Capital and Dragonfly Capital, with total financing exceeding $24 million. From the current performance, it is still very good, with a market value of $278 million on the first day, currently at $180 million, and a 24-hour trading volume of up to $60 million.
Summary
With modular Rollup and native cross-chain as its core, ERA has quickly risen in the Ethereum Layer-2 track, relying on top-tier capital and a large ecological scale, becoming a dark horse in the Ethereum Layer-2 space. The short-term hype is driven by airdrops and exchange listings, but long-term value needs to be observed through its ability to realize the vision of Rollup internet via the Metalayer protocol. Overall, ERA's performance is still very good, and we look forward to subsequent technological implementation and the growth of ecological applications.
