💰 Current Price and Market Capitalization
Coinbase shows ERA's current price is approximately $1.26–1.27, with a 24h trading volume of about $264M, circulating supply of about 148.5M (total supply 1 billion), market cap approximately $187–$188M.
CoinMarketCap data is generally consistent with other platforms
🚀 Recent Updates & Price Drivers
In mid-July, ERA was launched on multiple exchanges, including Binance, Upbit, KuCoin, and Gate.io, triggering a significant price increase. According to 99Bitcoins, the price surged over 80% at opening, skyrocketing from an initial price of about $0.16 to **$1.50+**.
During the same period, Binance's HODLer airdrop (started on July 17, airdropping a total of 20M ERA, accounting for 2% of the total) attracted a large number of holders to participate. This measure temporarily boosted trading volume, but also led to fluctuations due to selling pressure after claiming.
Coinbase listed ERA as an 'Experimental' coin on July 18, which triggered a short-term increase, but there was some selling pressure due to airdrop realization.
🏗 Platform Positioning and Technical Advantages
Caldera is a Rollup-as-a-Service (RaaS) infrastructure platform, allowing developers to 'one-click' deploy high-performance, customizable Ethereum L2 chains (supporting Optimistic and ZK Rollup), covering data availability layer options (such as Ethereum, Celestia, EigenDA).
The core consists of two parts:
1. Rollup Engine —— Modular Deployment Tool;
2. Metalayer —— Connects all Rollups to achieve cross-chain messaging and liquidity sharing.
The current ecosystem is active, supporting 50–60+ rollup chains, involving DeFi, GameFi, NFT, etc., with several chains currently having tens of millions of users and hundreds of millions in TVL.
🪙 ERA Token Functions and Distribution
$ERA is Caldera's native token, used for paying transaction fees, staking security, protocol governance, and cross-chain operations.
Total supply of 1 billion, circulating approximately 148.5 million (i.e., 14.85%).
Distribution plan approximately:
30% retroactive airdrop to early contributors,
20% team and advisor unlocks over time,
30% for investors/reserves,
20% for ecosystem incentives (liquidity mining, bounties, etc.).
✅ Summary and Investor Notes
Advantages
The project's main positioning is clear and has strong infrastructure value;
Multiple rollup chains are active, demonstrating scale effects;
The launch on major exchanges and airdrops rapidly expanded the user base.
Risks
High price volatility in the short term after launch;
Airdrop realization may bring selling pressure;
Technical competition is intense, and the market is fragmented;
The regulatory environment remains uncertain.
📊 Summary Overview
Project Details
Current price ≈ $1.26–1.27
24h Trading Volume ≈ $260 M
Market Cap ≈ $187 M
Circulating Supply 148.5 M / 1 B
Airdrop Date 2025-07-17
Platform Positioning RaaS + Metalayer Cross-chain Infrastructure
Ecosystem Scale 50–60+ rollup chains, tens of millions of wallets, hundreds of millions in TVL
