Quick Caldera Thesis (must read):

One of the main reasons why I think @Calderaxyz rly matters, is that I'm convinced that building on general-purpose blockchains, with few exceptions, will not be a long-term sustainable for most apps.

Why do you think @HyperliquidX (more specifically HyperCore) is such an amazing product?

Exactly because it's NOT a general-purpose chain.

It's an application-specific, decentralized network designed from the ground up for high-performance trading.

Building an appchain mean you can't add some sort of programmable execution environment to the mix (see HyperEVM) along the way too, but it definitely frees builders from all chain-, and VM-specific limitations that have previously constrained the design space.

But wait, Hyperliquid is an L1, isn't it?

Yes anon, it is.

But launching an L1, and building + maintaing a properly decentralized validator set is complex and costly.

As @jimmyboolish pointed out recently, L2s fix this being significantly more efficient to run, and inheriting security + consensus from the internet’s greatest settlement layer. Ethereum.

Anyone can build a rollup on Caldera in literally just a few clicks, which is not just fast af, but also allows builders to:

- Fully control their stack and infrastructure.

- Own the end-to-end user experience.

- Capture revenue through transaction fees.

- Operate opinionated, dedicated blockspace.

- Leverage top-tier settlement (e.g., Ethereum) and data-availability layers (e.g., @celestia, @AvailProject, @eigen_da) for consensus, security, verification, and storage.

Caldera is not just another infra project.

Caldera is THE catalyst for the appchain future.

An appchain future where every app has its own state machine one day.

Gmera.