How SocialFi, memecoins and AI pushed Base to the top of the L2 ladder

💡 DMK Insight

Ethereum’s layer-2 ecosystem is evolving, and here’s why that matters for traders: Base’s rise through SocialFi and memecoins signals a shift in user engagement and utility. With ETH currently at $1,861.69, traders should pay attention to how Base’s developments might influence transaction volumes and gas fees on Ethereum. If Base successfully enhances its core stack, it could drive more users to the Ethereum network, potentially increasing demand for ETH. This could lead to upward pressure on prices, especially if we see a breakout above key resistance levels. On the flip side, if the hype around memecoins fades, it could lead to a pullback in layer-2 activity, impacting ETH negatively. Keep an eye on the next few weeks for any announcements from Base that could serve as catalysts for price movements. Monitoring transaction metrics and gas fees will also provide insight into user engagement trends on Ethereum’s network.