Institutions pouring money into ERA, not crazy but understanding: this token can 'set the rules' for the multi-chain ecosystem!
Galaxy Digital recently quietly purchased 5 million ERA tokens. Some people criticize, saying 'institutional investors are foolish and have too much money', but insiders know: what they are competing for is not the tokens, but the 'rule-making power' of the Caldera ecosystem! As the native token of the ecosystem, ERA can determine three things: the Gas fee standards for new links (for example, reducing fees by 20% for the AI chain to attract developers), the security verification mechanism for cross-chain bridges (voting to select nodes), and the direction of the ecological fund utilization (for example, investing 10 million dollars to support the gaming chain) — this power is 10 times greater than ordinary governance tokens!
Institutions are more concerned about the 'ecosystem stickiness' of ERA: currently, among Caldera's 75 chains, 60% of DApp developers hold ERA (worried about rising Gas fees), and 30% of cross-chain users stake ERA long-term (to earn dividends). This 'essential demand + consensus' is tightening the circulating supply of ERA. Just like early BNB, as the Binance ecosystem expanded, it became more valuable. ERA is rising along with the number of Caldera's chains (adding 5-8 new chains each month); institutions buying now is equivalent to locking in the 'multi-chain expansion dividend' in advance.
Data does not lie: the ecosystem's TVL has surged from 100 million at launch to 800 million now, and the amount of ERA being burned (0.1% for each transaction) increases by 30% each month; currently, the circulating supply is 15% less than at issuance. Analysts predict that when the number of chains exceeds 100, the demand for ERA could triple — at that time, looking back at the institutions' 5 million tokens may just be an 'appetizer'!
