Caldera

ERA Price

About Caldera (ERA)

Caldera is a modular rollup platform and connectivity infrastructure designed to scale Ethereum horizontally by enabling projects to launch purpose-built blockchains.

• The platform provides Rollups-as-a-Service, allowing developers to deploy customizable rollups with a single click using stacks like Arbitrum, Optimism, and ZKsync.
• Caldera introduces the Metalayer, a unifying infrastructure that facilitates seamless communication, shared liquidity, and asset transfer between fragmented rollup ecosystems.
• The ecosystem supports a network of interconnected chains with significant total value locked and a high volume of unique wallet interactions across various application categories.

What Is Caldera

Caldera addresses the fragmentation of the Ethereum scaling landscape by providing a unified layer for disparate rollups to interact. It allows applications to reclaim dedicated block space without sacrificing the security and decentralization of the Ethereum mainnet. This approach enables the network to reach web-scale performance through horizontal expansion rather than relying on a single, monolithic blockchain.

Value moves through the system as decentralized applications (dApps) and infrastructure providers utilize the Metalayer to bridge liquidity and data across different rollup frameworks. By abstracting the technical complexities of chain deployment, the platform fosters an environment where innovation and creativity can thrive without the overhead of maintaining a dedicated blockchain engineering team.

The ERA token is put to work through staking by validator nodes that secure the Metalayer and coordinate cross-chain message passing. It is also utilized to pay for protocol service fees associated with cross-chain interactions and data propagation. As the ecosystem grows, the Metalayer scales by incorporating more subnetworks and guardian nodes, increasing the network's capacity for fast finality and secure communication.

What Makes Caldera Unique

• Framework Agnostic: Unlike single-stack solutions, Caldera supports multiple rollup frameworks including Optimistic and Zero Knowledge stacks from major providers.
• Metalayer Architecture: The introduction of a dedicated coordination layer specifically for rollups provides a standardized communication protocol similar to the internet's foundational networking standards.
• One-Click Deployment: The platform abstracts the technical complexity of blockchain engineering, allowing teams to launch production-ready networks with minimal development effort.

What Can You Use Caldera for?

• Chain Deployment: Developers can use the platform to launch specialized blockchains for gaming, decentralized finance, or artificial intelligence applications with customized parameters.
• Cross-Chain Communication: Users and protocols can utilize the Metalayer's message-passing system to execute calls and read data across different rollup environments.
• Network Security: Stakeholders can participate as guardian nodes to provide additional security layers and community validation for individual rollups.
• Governance: Token holders can participate in the Caldera DAO to vote on protocol upgrades, treasury management, and the election of security council members.

How Does Caldera Work?

The technical core of Caldera consists of the Metalayer, which features a message-passing system and a fast finality system that leverages a decentralized validator network. This infrastructure enables contracts to interact with other chains by reading data, executing calls, and sending transactions across the ecosystem.

The message-passing system utilizes a decentralized validator network to relay messages from a source chain to a destination chain. These validators must meet a signing threshold to ensure that no single party can unilaterally censor or relay false messages. This system is designed to eventually incorporate an intents-based architecture to improve efficiency while maintaining decentralization.

In addition to relaying messages, the network posts aggregate hashes of state roots from all chains in the Metalayer. This allows users on one chain to submit a Merkle proof of state for any other chain in the system, enabling cross-chain state access. Users pay protocol service fees in ERA for these interactions, which helps maintain the coordination engine's economic stability.

Team Info and Investors

Caldera was developed by Constellation Labs, the core contributors behind the platform's initial launch and maintenance. The project is governed by the Caldera DAO, which oversees protocol upgrades and works alongside the Caldera Foundation, a Cayman Islands entity. The platform is backed by prominent venture capital firms including Founders Fund, Dragonfly, Sequoia Capital, and Ethereal Ventures across multiple funding rounds.

Where can you buy Caldera?

ERA tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Caldera is Binance, where the most active trading pair ERA/USDT has a trading volume of $24,850,144.81 in the last 24 hours. Other popular options include LBank and Gate.

What is the daily trading volume of Caldera (ERA)?

The trading volume of Caldera (ERA) is $119,922,228.78 in the last 24 hours, representing a 560.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Caldera (ERA)?

Caldera (ERA) reached an all-time high of $1.88 and an all-time low of $0.05430. It’s now trading -95.10% below that peak and 69.00% above its lowest price.

What is the market cap of Caldera (ERA)?

Market capitalization of Caldera (ERA) is $16,049,648 and is ranked #942 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ERA tokens (170 Million tokens are tradable on the market today).

What is the fully diluted valuation of Caldera (ERA)?

The fully diluted valuation (FDV) of Caldera (ERA) is $91,843,478. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion ERA tokens are in circulation today. Depending on how the emission schedule of ERA tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Caldera compare against its peers?

With a price increase of 55.70% in the last 7 days, Caldera (ERA) is outperforming the global cryptocurrency market which is down -1.30%, while outperforming when compared to similar Binance Alpha Spotlight cryptocurrencies which are down -2.90%.

How to add Caldera (ERA) to MetaMask?

Adding Caldera (ERA) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import ERA as a token. You can copy ERA’s contract address (0xe2ad0bf751834f2fbdc62a41014f84d67ca1de2a) and import it manually, or if you've installed MetaMask's chrome extension, add ERA to MetaMask with one click on CoinGecko.

Add ERA to MetaMask.