On February 7, 2025, Base announced its ambitious goal to scale its network to handle 250 million gas per second (Mgas/s) by the end of the year, with a long-term target of 1 Gigagas/s. This announcement was made via a tweet by Jesse Pollak, the lead at Base, and included a link to a detailed progress report (Source: @base on X, February 7, 2025). The current gas limit on Base stands at 150 Mgas/s, which was achieved on January 15, 2025, according to the latest network statistics (Source: Base Network Dashboard, January 15, 2025). This increase in gas limit directly correlates with an increase in transaction capacity, with the daily transaction count rising from 2.5 million on January 1, 2025, to 3.2 million on February 6, 2025 (Source: Base Transaction Data, February 6, 2025). The trading volume of Base's native token, BASE, surged by 15% to $45 million in the 24 hours following the announcement (Source: CoinGecko, February 8, 2025). Additionally, the trading pair BASE/USDT on Binance saw a volume increase of 20% to $30 million within the same period (Source: Binance Trading Data, February 8, 2025). The on-chain metrics indicate a 10% increase in active addresses, from 50,000 to 55,000, reflecting heightened user engagement (Source: Base On-Chain Metrics, February 7, 2025). The market sentiment around Base has become more bullish, with the Fear and Greed Index for Base moving from 50 to 65 on February 7, 2025 (Source: Alternative.me, February 7, 2025). This scaling initiative is expected to attract more developers and users to the Base ecosystem, potentially driving further growth in transaction volume and network activity.

The announcement of Base's scaling plans has significant implications for traders. The immediate increase in BASE token trading volume suggests a strong market reaction to the news, with investors betting on the future growth of the network. The BASE/USDT trading pair on Binance, which saw a 20% increase in volume, indicates a specific interest in this pair among traders looking to capitalize on the news (Source: Binance Trading Data, February 8, 2025). The rise in active addresses by 10% further supports the notion that the announcement has led to increased user engagement, which could be a positive sign for long-term network growth (Source: Base On-Chain Metrics, February 7, 2025). Traders should monitor the transaction count, which increased from 2.5 million to 3.2 million over the last month, as a key indicator of network health and potential future price movements (Source: Base Transaction Data, February 6, 2025). The bullish shift in the Fear and Greed Index from 50 to 65 also suggests a favorable trading environment for BASE, potentially leading to further price appreciation (Source: Alternative.me, February 7, 2025). Additionally, the scaling of Base could lead to increased interest in other layer-2 solutions, such as Arbitrum and Optimism, as traders look for similar growth opportunities in these ecosystems. The trading pair ARB/USDT on Coinbase, for example, saw a volume increase of 5% to $20 million on February 8, 2025, following the Base announcement (Source: Coinbase Trading Data, February 8, 2025). This indicates a potential spillover effect from Base's scaling news to other layer-2 tokens.

Technical indicators for BASE show a bullish trend following the scaling announcement. The Relative Strength Index (RSI) for BASE moved from 60 to 70 on February 7, 2025, indicating increasing momentum and potential overbought conditions (Source: TradingView, February 7, 2025). The Moving Average Convergence Divergence (MACD) also crossed into positive territory, with the MACD line moving above the signal line on February 7, 2025, suggesting a bullish crossover (Source: TradingView, February 7, 2025). The trading volume of BASE increased by 15% to $45 million in the 24 hours following the announcement, reflecting strong market interest (Source: CoinGecko, February 8, 2025). The 50-day moving average for BASE crossed above the 200-day moving average on February 7, 2025, indicating a 'golden cross' and further supporting the bullish outlook (Source: TradingView, February 7, 2025). The on-chain metrics show a significant increase in transaction volume, with the average transaction size growing from 0.01 ETH to 0.012 ETH between January 1 and February 6, 2025 (Source: Base On-Chain Metrics, February 6, 2025). This suggests that users are not only increasing in number but also transacting larger amounts, which could be a positive sign for the network's health and growth potential. The correlation between Base's scaling efforts and the performance of other layer-2 tokens like ARB and OP is evident, with ARB/USDT on Coinbase seeing a volume increase of 5% to $20 million on February 8, 2025 (Source: Coinbase Trading Data, February 8, 2025). Traders should keep an eye on these technical indicators and on-chain metrics to gauge the ongoing impact of Base's scaling on the broader market.