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Caldera Overview
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About Caldera
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.
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Learn About Caldera
Is Tezos a Good Investment When NFTs Aren't Trending
Tezos (XTZ) trades around $0.35 with a market cap near $385 million, ranked 99th on CoinMarketCap and nearly 96% below its October 2021 all-time high of $9.12. The SEC and CFTC named XTZ on their March 17, 2026 list of 16 crypto assets formally classified as digital commodities, clearing the regulatory overhang from the $25 million 2020 ICO class-action settlement. The Tallinn upgrade in January 2026 was the protocol's 20th forkless self-amendment, cutting block times to six seconds. Tezos X Previewnet launched May 5 with mainnet targeted for June. Bitnomial listed CFTC-regulated XTZ futures in February, starting the six-month clock toward a possible spot ETF filing. Total ecosystem TVL across L1 and Etherlink is around $70 million, well behind Ethereum's L2 competitors. Whether the structural pillars matter to retail investors when XTZ trades 3x below the lowest 2026 analyst target of $1.10 is the open question for buyers of potential over momentum.
Peaq Crypto Price Dropped 40% While Its Technology Advanced
PEAQ Network (PEAQ) is a Polkadot parachain Layer-1 blockchain purpose-built for DePIN, providing decentralized identifiers, machine-to-machine payments, and a coordination layer for over 50 applications across 21 industries. PEAQ trades around $0.0171 with a $35M market cap and 4.2 billion max supply, with around 36.3% of supply circulating. PEAQ is down 97% from its $0.7505 December 10, 2024 ATH and 40% above its $0.01217 March 15, 2026 ATL. Over 1.7 billion PEAQ (around 40% of supply) is staked as validator collateral. Network metrics show 3.5 million wallets reached by Q1 2025 from 258,000 in December 2024, plus 9 million total transactions and Q1 2025 protocol revenue of $44,300. Binance listed PEAQ for spot trading in January 2026; Coinbase has the token under evaluation; CertiK ranks peaq tier 1 in its top 15 of 13,500+ chains. ---
How to Buy Tezos Without Overpaying on Fees
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.
Often Discussed Alongside Caldera
Tokens that appear with Caldera in our academy articles.
Caldera Market Data
The live Caldera price today is $0.09 USD with a 24-hour trading volume of $312,659.60 USD. We update our ERA to USD price in real-time. Caldera is down 1.02% in the last 24 hours.
The current market cap is $15,976,836.37 USD, ranking #549 by market capitalization. The circulating supply is 174,750,000 ERA.