Caldera (ERA) Token Overview
What is Caldera?
Caldera is a rollup-as-a-service platform built on Ethereum that allows developers to launch customizable Layer-2 rollups with strong interoperability. It introduces the “Metalayer,” enabling seamless communication and coordination across different rollup frameworks like Optimistic and ZK rollups CoinMarketCapCryptoSlateCoinDesk.
Role of the ERA Token:
ERA is Caldera’s native utility and governance token. Its functions include:
Serving as the omnichain gas token for cross-rollup operations
Enabling staking for validator participation in the Metalayer
Facilitating governance decisions around protocol upgrades, treasury allocation, and council elections BitrueCoinDeskBitget
Tokenomics in Brief:
Total supply: 1 billion ERA
Initial circulating supply: ~148.5 million ERA (~14.85%) Bitget ExchangeBitrueBitget
Distribution Breakdown:
Community Treasury & Foundation: ~35–36%
Investors: ~32%
Core Team: ~14.75%
R&D: ~10–10.25%
Airdrops: 7% BitrueBitget Exchange
Milestones & Adoption:
Launched in 2023 by Constellation Labs (co-founded by Matthew Katz and Parker Jou) CoinMarketCapBitrueCoinDesk
Supports over 60 rollups, handles hundreds of millions of transactions, and holds hundreds of millions in TVL CoinMarketCapCryptoSlateBitget
ERA is now listed on major platforms like Crypto.com, allowing direct purchase via 20+ fiat currencies and use via Visa Card Crypto.com.
Pre-TGE Leaderboard Score
In the Kaito Pre-TGE Leaderboard—which measures hype and community engagement ahead of a Token Generation Event—Caldera ranked a very strong:
Score: 85.3 out of 100 (as of May 5, 2025, at 12:00 PM UTC) Blockchain News
