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Caldera

#509
ERA
$0.13248
24h-0.27%
7d-8.17%
30d-3.99%

Caldera Price Performance

Low
High
$0.13236
$0.13536

Caldera Key Metrics

Market cap
$23.15M
FDV
$137.77M
Volume (24h)
$1.17M
Vol/Mkt Cap (24h)
0.05%
Total supply
1B ERA
Circulating supply
174.75M ERA
Profile score
86%
Updated May 15, 2026Rank #440

ERA to USD Converter

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Caldera Overview

24h High
$0.14
24h Low
$0.13
24h Change
-0.27%
7d Change
-8.17%
30d Change
-3.99%
Volume 24h
$1.17M
Market Cap
$24.08M
Circulating Supply
174.75M ERA

Caldera News

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About Caldera

Caldera (ERA) is the native utility and governance token for the Metalayer, a coordination layer designed to connect Ethereum rollups. The token powers cross-rollup communication, gas payments, and node staking, supporting the operation of custom rollups launched via Caldera’s rollup-as-a-service platform. By enabling features like message passing, fast finality, and guardian nodes, the Metalayer addresses fragmentation across Layer 2 ecosystems. ERA also underpins on-chain governance through the Caldera DAO, which manages protocol upgrades, funding proposals, and council elections. Governance is structured via the Caldera Foundation, a Cayman Islands entity, with community influence enabled through token voting. Caldera was founded by Matthew Katz (CEO) and Parker Jou (CTO) to scale Ethereum through decentralised, interoperable infrastructure.

The ERA token is the native utility and governance token of the Caldera ecosystem and powers the Metalayer.

Primary uses include:

  • Omnichain Gas Token: ERA is used to pay gas fees for cross-rollup transactions and data propagation across the Metalayer.

  • Staking & Node Participation: Nodes participating in the Metalayer are required to stake ERA, which determines their level of participation in consensus and infrastructure services.

  • Subnet Operations: Utility-specific subnetworks built atop the Metalayer (e.g., for zero-knowledge proof generation) also use ERA for operations and consensus.

  • Governance: ERA holders can propose and vote on Caldera Improvement Proposals (CIPs), protocol upgrades, and DAO-related matters. This includes electing members to governance and security councils.

Caldera was founded by Matthew Katz (CEO) and Parker Jou (CTO). The project was developed by the team behind Constellation Labs, the initial core contributor to the protocol. Their goal was to enhance Ethereum scalability by making it easier for developers to launch tailored, high-performance rollups. Governance of the protocol is overseen by the Caldera Foundation, a Cayman Islands-based entity, with decision-making powers delegated to the Caldera DAO, which manages protocol upgrades, funding proposals, and council elections.

Caldera Markets

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Caldera Platforms

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Coffee prices keep rising; currently the average cup at a national-chain coffee shop is $5. Buy $50 worth of Tezos on certain platforms and you'll pay $5 or more to fees alone. Before your XTZ even reaches a wallet, 10% or more of your first purchase can be burned as fees. Exchange fee models differ between CEX vs DEX vs buying direct-to-wallet so much that two identical trades can cost anywhere from 5%-12% depending on the venue.

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Often Discussed Alongside Caldera

Tokens that appear with Caldera in our academy articles.

Caldera Market Data

The live Caldera price today is $0.13 USD with a 24-hour trading volume of $1,170,363.65 USD. We update our ERA to USD price in real-time. Caldera is down 0.27% in the last 24 hours.

The current market cap is $24,075,502.78 USD, ranking #509 by market capitalization. The circulating supply is 174,750,000 ERA.