CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Caldera.

era · coingecko:caldera

EVIDENCE · NOT A RECOMMENDATION

This dossier explains why the asset surfaced, what the stored evidence says, what changed, and which limitations remain. Deterministic signals are research questions, not investment conclusions.

Price$0.066711

Market cap$11.66M

Active signals1

Total / circulating5.72×

Longest active streak6

Snapshots compared6

Why it surfaced

high dilution

Total supply is high relative to circulating supply

Current streak: 6 snapshots · triggered 6/6 observed snapshots

What changed

high dilution

continuing · streak 6 · 6/6 snapshots

Latest fundamental observations

Metric	Period	Value	Observed
fees	24h	$0.17	2026-10-18T04:35:58.074Z
fees	30d	$4.95	2026-10-18T04:35:58.074Z
fees	7d	$1.02	2026-10-18T04:35:58.074Z

Historical changes

Metric	Window	Change	Boundary
fees usd:24h	7d	-85.47%	2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:30d	7d	19.57%	2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:7d	7d	-48.48%	2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
market cap usd:point in time	7d	-12.64%	2026-10-11T03:38:51.000Z → 2026-10-18T03:30:52.000Z

Market snapshot

Circulating supply: 174.75M
Total supply: 1B
Max supply: 1B
Provider updated: 2026-10-18T03:30:52.000Z

Evidence coverage

Verified/provider links: 1
Stored fundamental observations: 18
Calculated history rows: 4
Signal comparison: prior snapshot

Evidence synthesis

Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.

Open AI research brief

Rule evaluations

revenue growth declining multiple · excluded · no signal

Insufficient actual 30-day revenue or market-cap history

Limits: No observations · No observation within 2 days of the 30-day boundary

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

activity growth stagnant market cap · excluded · no signal

Insufficient actual 30-day activity or market-cap history

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

improving tokenholder value capture · excluded · no signal

No observations

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

peer valuation difference · excluded · no signal

Missing revenue, market capitalization, or a peer-group median

Limits: Peer groups require a shared canonical sector and at least three eligible assets

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

fundamental deterioration · excluded · no signal

Insufficient actual 30-day fundamental history

Inputs and calculation

{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

high dilution · included · signal

Total supply is high relative to circulating supply

Limits: Supply fields are provider-reported and do not describe unlock timing

Inputs and calculation

{
  "inputs": {
    "circulatingSupply": 174750000,
    "totalSupply": 1000000000
  },
  "calculation": {
    "totalToCirculatingRatio": 5.7224606580829755
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation

{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

Provenance and raw evidence

Classification evidence

[
  {
    "assetId": "coingecko:caldera",
    "kind": "sector",
    "value": "other",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Bridge Aggregator",
    "sourceProvider": "defillama",
    "sourceRecord": "8368",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:caldera",
    "kind": "asset_type",
    "value": "wrapped_bridged_asset",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Bridge Aggregator",
    "sourceProvider": "defillama",
    "sourceRecord": "8368",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]

Identity relationships

[
  {
    "assetId": "coingecko:caldera",
    "protocolId": "8368",
    "protocolSlug": "caldera",
    "method": "gecko_id",
    "evidence": "DeFiLlama gecko_id=caldera",
    "status": "verified_provider_relationship"
  }
]

Research statuses

[
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "insufficient_historical_data",
    "method": "global",
    "reason": "One or more historical methods lack actual boundary observations"
  },
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "revenue_growth_declining_multiple",
    "reason": "Insufficient actual 30-day revenue or market-cap history"
  },
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "activity_growth_stagnant_market_cap",
    "reason": "Insufficient actual 30-day activity or market-cap history"
  },
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "peer_valuation_difference",
    "reason": "Missing revenue, market capitalization, or a peer-group median"
  },
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "fundamental_deterioration",
    "reason": "Insufficient actual 30-day fundamental history"
  },
  {
    "assetId": "coingecko:caldera",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]

Human review decisions

[]

Full fundamental evidence

[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:13232",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 0.08,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:13233",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 0.37000000000000005,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:13234",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 1.5600000000000003,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:13232",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 0.01,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:13233",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 0.38000000000000006,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:13234",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 1.4600000000000002,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:13275",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 0.03,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:13276",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 0.39,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:13277",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 1.4900000000000004,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:13375",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 0,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:13376",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 1.07,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:13377",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 2.22,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:13403",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 1.17,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:13404",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 1.98,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:13405",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 4.14,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:12618",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 0.17,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:12619",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 1.02,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:12620",
    "protocolId": "8368",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 4.949999999999999,
    "unit": "USD",
    "definition": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Messaging Fees paid by users to cover gas costs for cross-chain messaging, revenue is not calculated as exact costs can't be derived from the logs."
    }
  }
]