TL;DR
- Idea: Caldera is a Rollups-as-a-Service platform and interoperability layer (Metalayer) allowing developers to deploy customizable rollups on Ethereum with unified cross-chain liquidity.
- Catalyst: Intuition mainnet launch on 2025-11-05; partnerships with NodeOps DePIN, Mawari XR, XPLA gaming; EigenDA V2 integration; continued ecosystem growth and rising TVL.
- Risks: Highly competitive Layer2 market; reliance on Ethereum for security and gas; token volatility and potential sell pressure; complexity of adoption for smaller projects.
- Score: 7.00/ 10
Coin
- Name/ Ticker: Caldera (ERA)
- Segment: Layer2 Infrastructure
- Status: active
- Price: $0.227900
Key Metrics
- Market Cap: $39 787 030
- FDV: $227 679 713
- Circulating Supply: 174 750 000
- Total Supply: 1 000 000 000
Sources
Technology
- USP: Rollup Engine enabling fully customizable chains on Ethereum with Metalayer interoperability for unified liquidity and seamless cross-chain execution.
- Core Technology: Customizable rollup deployment platform powered by Metalayer SDK and Hyperlane messaging, offering bridge aggregation and omnichain token standards across 75+ networks.
Roadmap
- 2025-09-10: Caldera Stablecoin Module introduced
- 2025-09-30: SANDchain mainnet live on Caldera
- 2025-10-17: Prediction Markets capital efficiency update
- 2025-10-23: Studio Chain mainnet live on Caldera
- 2025-10-31: AppChain mainnet live on Caldera
- 2025-11-03: Capx Chain mainnet live on Caldera
- 2025-11-05: Intuition mainnet live on Caldera
Team & Investors
Team
- CEO & Co-founder — Matthew Katz: Stanford CS dropout; former engineer at Apple, A Thinking Ape, Skiff
- CTO & Co-founder — Parker Jou: Stanford CS; former roles at Nvidia, Apple, Waymo, Skiff
- Head of Growth & Business Development — James Semmonella: Business developer across web2/web3; Bates College Political Economics
Investors
- Founders Fund — Series A • 2024-07-01
- Dragonfly Capital — Series A • 2024-07-01
- Sequoia Capital — Series A • 2024-07-01
- Sequoia Capital — Seed • 2023-02-15
- Dragonfly Capital — Seed • 2023-02-15
- 1kx — Seed • 2023-02-15
- Ethereal Ventures — Seed • 2023-02-15
- Alliance DAO — Seed • 2023-02-15
- SevenX Ventures — Seed • 2023-02-15
- Neo — Seed • 2023-02-15
Total funding: $24.00M
Tokenomics
- Utility: Used for paying transaction fees on Caldera chains, staking for network governance, and accessing Metalayer cross-chain services.
- Vesting: Core Team & Early Backers/Investors (147.5M & 320.7M): 12-month lockup then 15% release at month 12, 85% vests linearly over 24 months; Foundation (48.5M): unlocked at TGE, 3-month cliff then 7.1M unlock, 2.1M/month for 45 months; R&D (29.8M): unlock at month 3, remainder vests over 48 months; Community Treasury (60M): unlocked at TGE, 150M vests 3.1M/month for 48 months; Airdrop: fully allocated at TGE.
- Next Unlock: 2025-12-17 (1.78% of circulating)
Pros & Cons
Strengths
- Customizable rollup deployment engine
- Metalayer liquidity aggregation
- Built on Ethereum security
- Strong VC backing
- Rapid ecosystem expansion with 75+ rollups
- DePIN and XR partnerships
- Open-source and audited code
- High TVL growth trend
Weaknesses
- Competitive Layer2 landscape
- Ethereum gas dependency
- Limited token utility beyond fees and governance
- Complex adoption barrier
- Centralization risk via VC influence
- Post-TGE volatility
- Reliance on token unlock schedule
Market Signals (7d)
- TVL trend: up
- CEX volume trend: down
- Active addresses trend: up
Price Scenarios (target: 2026-05-17)
- Bear: $0.150000 — Assumes 34% decline in network usage and broader DeFi market downturn
- Base: $0.250000 — Based on 20% ecosystem TVL growth and steady rollup adoption
- Bull: $0.400000 — Assumes 5% Layer2 market share capture and increased cross-chain demand
How to Buy & Store
CEX
- Binance
- LBank
- Upbit
- KuCoin
- Gate.io
DEX
- Uniswap V4 (BSC)
- PancakeSwap
- SushiSwap
- 1inch
- dYdX
Storage
- MetaMask
- Trust Wallet
- Ledger
- Trezor
- Math Wallet
Verdict
Caldera presents compelling infrastructure innovation with Metalayer interoperability and a strong ecosystem, though competition, Ethereum reliance, and token unlock dynamics pose risks.
Official Links
Source: Coin Research (internal)
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