Decentralization with scalability and interoperability is the main goal of most emerging, upcoming, and existing blockchain projects. DeFi has seen huge growth since early 2021, and later in 2022, a surge in blockchain rollups was observed. In this journey, aspects such as cross-chain transaction performance, high gas fees, security, developer challenges, and liquidity availability have always been marked as major setbacks. However, many rollups have tried to solve or address these issues, but most of them failed to deliver at scale.
Caldera Overview
Caldera enters the market with the tagline Internet of Rollups, which means empowering Layer 2 solution blockchain networks. Caldera currently supports 100+ rollups including OP, zkSync, Base, Polygon, Apechain, Rari, Manta, and many more. In the coming years, they plan to extend support for thousands of rollups.
Caldera has introduced a Metalayer solution to address the above problems and solve major cross-chain and scalability issues. Metalayer will be available across all networks and can be auto-deployed on any newly launched rollups. This interoperability has been achieved with the help of Hyperlane, an open-source permissionless offering. In simple terms, Metalayer will be responsible for solving problems for developers and users with this framework.
Why Metalayer?
Faster DEX trading and cross-chain asset transfer
- Anyone can transfer any asset or token from one chain to another (e.g., ETH on OP to USDT on Arbitrum).
- Swap and bridge any token within seconds at market price.
Secure cross-chain communication
- Hyperlane supports encrypted communication between networks with fraud-proof messaging.
- Messages can be fetched and read on multiple supported networks.
Gas freedom
- Pay almost zero gas fees for any cross-chain token transfer.
- No need to hold ETH to perform transactions on multiple chains — you just need the source chain token (e.g., if bridging ETH from Ethereum to Polygon, you need to hold Ethereum and MATIC tokens to perform actions like swap, stake, or transfer).
- Same fees on bridges between two different tokens (e.g., some bridges don’t support ETH (OP) to USDT (Base) as it must be the same token on a different network).
Universal operability
- Ready to use on Caldera rollups.
- Easily deployed on any available network (e.g., Arbitrum, Base, OP).
- No separate integration needed to explore multi-network use cases.
- Just connect to Metalayer and get access to supported networks.
- APIs and SDKs are available for all developers.
- Ready-to-use UI components.
Friendly and optimized UI/UX
- New users can easily understand and perform token bridges or swaps without deep knowledge.
- One-click swaps and bridges.
Easy upgrade
- DApps don’t need to worry about upgrades, as Metalayer will handle upgrades in bridges and rollups.
- Security and bridge changes will be automatically applied by Metalayer.
Enhanced asset deployment
- Deploy any token on multiple chains using the simple and easy-to-use Metalayer solution.
- Expand applications with enhanced error and complexity management.
Caldera Airdrop
Expected Eligibility Criteria for Caldera Airdrop:
- Complete Quest on the Layer3 Platform (Meet the Metalayer: NFT Reward)
- Complete 11 quests to claim an exclusive NFT
- Hold Caldera Crusade NFT
- Participate in weekly competitions on Discord
How to Become Eligible for Airdrop:
If you follow the steps below, you still have a chance to earn ERA tokens:
- Go to the official Caldera Discord: https://discord.com/invite/caldera
- Reach Level 1 on the Discord server
- Participate in their weekly competitions (e.g., thread creation on Twitter and more)
Caldera Price Prediction
ERA could be the token symbol for the project; however, tokenomics have not yet been published on their official portal. ERA could be expected to list early on Tier 1 exchanges and possibly reach a billion-dollar total market cap. Caldera has been backed by top crypto industry investors including Sequoia, Alliance, Lattice, TrueBridge, Dragonfly, 1kx, and Founders Fund. We will update predictions after listing — as of writing, no official news from the team and no pre-market listing has been recorded.
Caldera project has raised $24 million in a series of funding round, and talking about stats, they are already serving over 10 million unique wallets. A total of 360+ million transactions have been completed, with over $1 billion worth of total value locked on the platform. With this data, we could expect a strong opening price post-TGE and potential attention from users.
Caldera Overview
| Project Name | Caldera |
| Token/Ticker Symbol | ERA Token |
| Network | Metalayer Chain |
| Total Supply | NA |
| Official website & Social | caldera.xyz & Twitter: x.com/Calderaxyz |
| Based on | Cross-chain Solution for Rollups |
| Potential | Bullish |
| Project Launched Date | March 2022 |
| TGE | TBA |
| Airdrop | TBA |
Conclusion
Caldera is here to change the landscape of rollups with cross-chain integration, availability, accessibility, security, and scalability. Metalayer will be a game-changer, especially in crypto bridges, as it not only provides solutions but also attracts more users to the platform with ease and confidence. A multi-chain ecosystem working together, accessing each other, and leveraging the best features of each will be a strong addition to the blockchain industry.