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The ERA coin, the main asset of the Caldera project, has seen a remarkable surge of up to 120% in just 24 hours, catapulting it into the limelight as the most talked-about altcoin of the week. This dramatic increase in interest followed a series of listings on major cryptocurrency exchanges considering ERA coin. Notably, the altcoin began trading on Binance on July 17, 2025, across five pairs including TRY. The momentum further intensified with announcements of listings on South Korea’s leading exchange Upbit and the US-based Coinbase, sparking global investor enthusiasm.
Major Exchanges Race to List ERA Coin
Binance kick-started the interest by distributing 20 million ERA coins to users holding BNB balances in Simple Earn or On-Chain Yields from July 1-5. On July 17, the altcoin became available simultaneously across spot, margin, futures, and Convert channels at 18:30 UTC. Upbit echoed this move, listing the altcoin at the same time and activating trading pairs with KRW, BTC, and USDT. Investments exceeding one million South Korean won will require additional verification as per Travel Rule requirements. Meanwhile, Coinbase completed the listing chain by enabling ERC-20 coin deposits across the U.S. and other supported regions.
The total supply of ERA is fixed at one billion units, with only 14.85% released initially. The team has allocated 7% of the supply for Airdrops and 20 million units for marketing purposes. Renowned funds like Sequoia and Dragonfly back the project, supporting a one-year cliff and a two-year vesting schedule, reinforcing the outlook for long-term stability.
The Strong Fundamentals Behind Price Surge
Caldera facilitates the swift implementation of scalable, customizable Layer-2 rollups on Ethereum 
$4,762 and BNB Chain. With over 50 rollups, 27 million wallets, and a lock-in value ranging between $400-600 million, this infrastructure underpins the demand surge for ERA coin. ERA coin serves as the network fee payment method, collateral for validators, and is also used in governance votes within the blockchain.
Following the listings, the altcoin’s price climbed from $0.85 to $1.88 before stabilizing around $1.40. The 24-hour trading volume exceeded $1.3 billion, highlighting short-term high liquidity and volatility indications.
