### Basic Information and Market Reaction

- **Launch Status**: Coinbase announced on July 17, 2025, that the ERA token (Caldera) would be listed as an "experimental asset" and begin trading. On that day, the stock closed up 3.15%, with a transaction volume of $6.772 billion[1][4].

- **Market Attention**: As a second-layer blockchain project token on the Ethereum network, ERA's inclusion has attracted market attention, as the Caldera platform focuses on building high-performance, customizable application-specific blockchains[4][5].

### Brokerage Ratings and Price Expectations

- **Target Price Raised**: Brokerage Rosenblatt Securities raised the target price for Coinbase from $300 to $470, as the launch of the ERA token may provide new momentum for its performance growth[1][3].

### Project Fundamental Support

- **Caldera Ecosystem Advantages**: The Caldera network has a total locked value exceeding $1 billion, processing 360 million transactions, and has a community of 10 million independent wallets, providing a certain ecological foundation for the ERA token[5]. @calderaxyz #Caldera #ERA