Recently, the capacity upgrade of Base Chain has become the focus of the market. This event marks Base Chain's pursuit of a balance between high throughput and low fees to meet the growing demand for transactions. The completion of this upgrade provides new momentum for the expansion of the DeFi and NFT ecosystems. With the soaring Gas fees on the Ethereum mainnet, the rise of Base Chain may further drive the development of these two fields.

News-Driven Market Explosion

News-driven: The completion of the capacity upgrade for Base Chain is the direct trigger. This upgrade raises the block Gas limit to 375 million, increasing the network's processing capacity by approximately 25%, while the average throughput also improves by 4-5%. The minimum base fee has also been adjusted, now set at 0.0005 gwei. Nevertheless, the cost of a typical single transaction remains below $0.01, which is quite attractive for users.

Capital flow trends: Data shows that with the increase in the block Gas limit, user transaction demand will significantly rise, expected to attract more capital into Base Chain. As a representative of Ethereum Layer 2 solutions, this network may become a new hotspot for DeFi protocols and the NFT market.

Sentiment amplification: The current market's FOMO sentiment is extremely amplified, with investors having high hopes for Base Chain's future performance. This sentiment stems not only from the network's technical upgrades but also reflects the overall cryptocurrency market's positive development after a period of stagnation.

In-Depth Logic

This fluctuation is not an isolated event; it is highly related to the broader trend of Ethereum Layer 2 expansion. As a network derived from the Optimism OP Stack, Base Chain's upgrade coincides with a critical moment when Ethereum mainnet Gas fees remain high, positioning it to capture a large user base.

Looking back, the success of Layer 2 networks often relies on their ability to address user pain points, and Base Chain's upgrade is a proactive response to market demand. In the future, a more favorable market ecosystem is expected to form.

Bull-Bear Game

Optimists believe that this upgrade will solidify Base Chain's position among Layer 2 networks, especially in application scenarios like DeFi and NFTs, where low fees and high throughput will attract more users. Based on this, the market may experience a new wave of investment enthusiasm.

Pessimists, however, worry that although the network's processing capacity has been enhanced, a surge in transaction volume in the short term may lead to network congestion or fluctuations in base fees. These potential risks need to be validated in future on-chain data.

Outlook

In the short term, the market needs to pay attention to the actual network metrics after the implementation of Base Chain, such as TPS (transactions per second) and changes in on-chain activity, as this data will help investors more accurately assess the effects of the upgrade. Additionally, it is essential to closely monitor whether there will be instances of transaction congestion or a sharp rise in fees.

Therefore, the current market sentiment may be hiding a rare opportunity for positioning. As Base Chain continues to develop, its status in the cryptocurrency market may further enhance, potentially becoming a new choice for major DeFi projects and NFT platforms.

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