### 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 trading volume of $6.772 billion[1][4].

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

### Broker Ratings and Price Expectations

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

### Project Fundamentals Support

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