What is Caldera?

Figure:https://caldera.xyz/

Caldera is a platform that provides developers with modular Rollup deployment services (RaaS), aimed at simplifying the process of building Ethereum Layer-2 networks.

The core idea is that “developers do not need to manage nodes, security, or cross-chain bridges,” and can instead focus on building business logic and user experience. The platform has supported more than 30 Rollup chains in actual operation, including RARI Chain, inEVM, Ozean, and zkXPLA, with a TVL exceeding $600 million and the number of wallets surpassing 10 million.

Caldera platform supports:

• Multiple virtual machine operations (EVM, SolanaVM)
• Optional data availability solutions (Ethereum, Celestia, NEAR)
• API-based operating system for dynamic expansion, upgrades, and governance

What is ERA? The value anchor of the Caldera ecosystem.

ERA is the native Token of the Caldera platform, with main functions including:

• Transaction fee: Can be used for transaction fees on any Rollup chain of Caldera.
• Ecological Staking: Future support will include staking rewards for fraud proofs or data availability.
• Governance Participation: Token holders can vote on proposals related to cross-chain logic, parameter settings, and more.

The total supply of ERA is 1 billion tokens, with the distribution as follows:

• Airdrop Backtracking: 30% (Rewards for early testers and the community)
• Team and Advisors: 20% (linear unlock, 2-4 years)
• Investors and Reserves: 30% (Ecological Construction and Strategic Support)
• Ecosystem Incentives: 20% (liquidity mining, development bounties, etc.)

Currently, there is no burning mechanism, but the future governance framework will support community voting to set up a fee-burning model.

Metalayer: The Core Competitiveness of Caldera

Metalayer is the built-in cross-chain communication framework of Caldera, which constructs the “internet” between Rollup chains.

It supports:

• Cross-Rollup asset and information bridging
• Second-level messaging (via Hyperlane)
• Intent-driven execution (combining protocols like Across, Relay, etc.)
• Cross-ecosystem liquidity sharing (no additional bridge configuration required)

Developers can quickly integrate Metalayer features into their applications through SDKs or frontend components, without the need to maintain bridge nodes or relay services.

This makes Caldera one of the very few RaaS platforms that currently have “out-of-the-box cross-chain capabilities.”

Gate Launch Overview and Initial Market Performance

Figure:https://www.gate.com/trade/ERA_USDT

ERA will officially launch on Gate.io on July 17, 2025, at 23:30 (UTC+8), with the trading pair ERA/USDT. Recharge and trading are now open.

After going live, the ERA price fluctuated in the range of 1.85 - 1.5 dollars, currently stabilizing around 1.51 dollars. As a new coin, the initial price trend is part of the market discovery process, and future performance will depend more on the level of ecosystem development, user growth, and the improvement of the token mechanism.

Users can participate in the following ways:

• Gate Spot Trading:https://www.gate.com/trade/ERA_USDT
• Caldera testnet airdrop tasks and .era domain registration
• The subsequent launch of the staking module and liquidity mining incentives.

Future Development and Investment Tips

With the ERA entering the circulation stage, Caldera has officially embarked on a “token-driven” ecological development path. The platform’s future focus includes:

• Attract more Rollup and dApp projects to deploy
• Optimize the cross-chain connectivity and performance of Metalayer
• Launch staking and governance tools to enhance community engagement.
• Increase the on-chain usage rate and burning logic of ERA

However, investors should still be aware:

• The price of ERA has not stabilized yet, suitable for building positions in batches.
• Cross-chain security and regulatory policies remain medium-term risks.
• The ecological activity and the project’s implementation are key to the long-term value of the Token.

Caldera is gradually establishing its own ecological moat with its modular architecture, multi-VM support, and built-in Metalayer. ERA is expected to become an important value medium and governance core in the Rollup era, which is worth continuous attention.