The largest crypto exchange platform in the world by trading volume is announcing an airdrop for a new Ethereum (ETH)-based altcoin.
In a new announcement, Binance says it is adding Caldera (ERA), an application that allows the development of ETH-based layer-2 scaling solutions, to its HODLer Airdrops program.
“Binance is excited to announce the 27th project on the HODLer Airdrops page – Caldera (ERA). It is the internet of rollups, an ecosystem of modular, interconnected, and customizable chains.”
The HODLer Airdrops program, which launched in 2024, rewards investors holding BNB – the native digital asset of the crypto exchange – with crypto assets based on previous snapshots of their balances.
Caldera, which calls itself “the internet of chains,” says on its official website that its metalayer allows developers to create truly interoperable rollups – or layer-2s that try to streamline the ETH blockchain by batch processing transactions offline – with ease.
“The Metalayer allows developers to take advantage of the ongoing innovation in interoperability without being forced to engineer their app or protocol around yesterday’s architecture: Instead of thinking about interopability, focus on building amazing products. Developers also benefit from faster transactions, lower costs, and higher security as the Metalayer upgrades, all without changing their app.”
According to the firm, the metalayer is composed of three complementary systems – the execution layer, which bridges chains from ETH to Caldera, the settlement layer, which would allow messages to pass between chains in seconds, and the development kit, which gives developers access to an interoperability toolchain.
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Featured Image: Shutterstock/Sabura/Natalia Siiatovskaia
