ERA (Caldera) fell 8.09% in the last 24 hours.

Gate News Bot News, July 31, according to CoinMarketCap data, as of the time of writing, ERA (Caldera) is currently priced at $1.11, falling by 8.09% in the last 24 hours, with a high of $1.60 and a low of $1.09, and a 24-hour volume of $1.868 billion. The current market capitalization is approximately $165 million, a decrease of $14.543 million compared to yesterday.

Caldera is an interconnected, purpose-built blockchain network that settles on Ethereum. It is a powerful multi-chain ecosystem that provides customizable rollup engines for large-scale applications and connects to the broader blockchain world through Metalayer. Caldera focuses on areas such as gaming, AI, and DeFi, offering developers scalable infrastructure and cross-chain interaction capabilities.

Important news about ERA recently:

1️⃣ Gate launches high-yield ERA fixed-term financial products Gate Yu Bi Bao launched the ERA 7-day fixed income product on July 18, offering an annualized yield of up to 500%. The total quota for this product is 1.4 million ERA, and it operates on a first-come, first-served basis. The introduction of this high-yield financial product may attract investors to increase their holdings of ERA, thereby affecting the short-term market supply and demand relationship.

2️⃣ Caldera ecosystem is developing rapidly The Caldera ecosystem has currently secured over 400 million dollars in total value, processing over 850 million transactions, with more than 25 million trading addresses. In terms of unique address count, Caldera has surpassed major L2 systems such as Scroll and ZKSync, demonstrating strong ecological growth momentum. This development trend may enhance investor confidence in the long-term value of ERA.

3️⃣ ERA volume remains high Despite the fall in ERA price, the 24-hour volume still reached $1.868 billion, indicating that the market remains highly attentive and active towards ERA. High volume may suggest increased price volatility, and investors should closely monitor subsequent trends.

From a technical perspective, the ERA price has experienced a significant pullback in the past 24 hours, falling from a high of $1.60 to $1.11. Given the current market sentiment and high volume, there may be drastic fluctuations in the short term. Investors should pay attention to the performance of key support and resistance levels.

This message is not intended as investment advice; investors should be aware of the risks of market volatility.