According to @dydxfoundation, the dYdX Surge Season 4 program now offers 2x point multipliers for trading in the PUMP, BONK, ES, ZORA, and ERA markets. Eligible trading activity in these markets will lead to increased DYDX token rewards distributed at the end of the season. To date, over 7.6 million DYDX tokens have been allocated through the Surge program, highlighting strong trader engagement and potential for higher volume and volatility in these markets. This multiplier incentive is likely to boost liquidity and trading interest for PUMP, BONK, ES, ZORA, and ERA, with direct implications for short-term trading strategies on dYdX. Source: @dydxfoundation

According to the dYdX Foundation, traders on the dYdX platform can now earn enhanced rewards in the $ERA market. The platform has activated a 2x point multiplier for all trades involving $ERA, which will boost the trading rewards distributed at the conclusion of the current season. This incentive is designed to increase trading activity and liquidity for the ERA token on the decentralized exchange. Traders can find a complete list of all boosted markets directly on the dYdX trading interface.

According to @CoinbaseIntExch, the platform will introduce support for Caldera (ERA) and SushiSwap (SUSHI) perpetual futures on Coinbase International Exchange and Coinbase Advanced. The new markets, designated as ERA-PERP and SUSHI-PERP, are scheduled to open for trading on or after 9:30 am UTC on July 24, 2025. This listing is a significant event for traders, as the introduction of perpetual futures on a major exchange like Coinbase can lead to increased liquidity, price discovery, and trading opportunities for both ERA and SUSHI tokens.

According to @ai_9684xtpa, the market makers for the recently Binance-listed token Caldera ($ERA) have been identified as GSR Markets and Amber Group. On-chain analysis suggests that Amber Group received 2.5 million ERA tokens and GSR Markets received 2 million ERA tokens for market-making activities. For traders, this distribution of 4.5 million tokens to prominent market makers is a key indicator for monitoring the token's liquidity and potential price stability following its listing. The source notes that this particular airdrop, referred to as 'alpha', was valued at $250-$300 at its peak price.