Santorini: The world's fieriest caldera volcano The last huge eruption of the volcano dates back 3,600 years, in the late bronze age. Thirty billion cubic meters of magma in the form of pumice and ash were blown to a height of up to 36 kilometers above the island. Pumice deposits dozens of meters thick buried one of the most prosperous pre-historic settlements of that period, feeding the myth of lost Atlantis. The mild activity of the volcano after this major eruption continuous into the present (the most recent eruption occurred in 1950) building up two small islands within the caldera, Palea and Nea Kameni. These islands represent the volcano's most recent activity.