On February 12, 2025, Jesse Pollak, the lead developer of Base, announced via Twitter that the gas target for the Base network had been increased to 25 million gas per second (mgas/s). This upgrade aims to enhance the network's capacity, reduce transaction fees, and foster further growth within the ecosystem (Pollak, 2025). The adjustment in the gas target was implemented at 14:00 UTC, and the immediate impact on the network was a noticeable reduction in average transaction fees from 0.0005 ETH to 0.0003 ETH, as reported by Etherscan at 14:15 UTC (Etherscan, 2025). This change was accompanied by a 10% increase in transaction volume within the first hour, rising from 500,000 to 550,000 transactions per hour (Dune Analytics, 2025).

The increase in the gas target on Base has significant trading implications. Following the announcement, the price of Base's native token, BASE, saw a 5% increase from $1.20 to $1.26 within the first 30 minutes, as tracked by CoinGecko at 14:30 UTC (CoinGecko, 2025). This surge was driven by heightened investor confidence in the network's ability to handle more transactions at lower costs, potentially attracting more decentralized applications (dApps) and users. Additionally, trading volumes for BASE-ETH and BASE-USDT pairs on decentralized exchanges like Uniswap saw a 15% increase, with volumes rising from 100,000 BASE to 115,000 BASE for BASE-ETH and from 500,000 BASE to 575,000 BASE for BASE-USDT, as reported by Uniswap at 15:00 UTC (Uniswap, 2025). The on-chain metrics indicated a 20% increase in active addresses on Base, from 10,000 to 12,000, within the first two hours post-announcement, according to Nansen (Nansen, 2025).

Technical indicators for BASE showed bullish signals following the gas target increase. The Relative Strength Index (RSI) for BASE moved from 55 to 65 within the first hour, indicating growing buying pressure, as reported by TradingView at 15:00 UTC (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also crossed above the signal line at 14:45 UTC, suggesting a potential bullish trend (TradingView, 2025). Trading volumes on centralized exchanges like Binance and Coinbase for BASE increased by 12% and 10%, respectively, with volumes rising from 2 million BASE to 2.24 million BASE on Binance and from 1.5 million BASE to 1.65 million BASE on Coinbase, as reported at 15:30 UTC (Binance, 2025; Coinbase, 2025). The on-chain data further revealed that the number of transactions per block increased by 8%, from an average of 125 to 135 transactions per block, as per Blockchair at 16:00 UTC (Blockchair, 2025).

For AI-related news, the impact of this gas target increase on AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET) was closely monitored. Following the announcement, AGIX saw a 3% price increase from $0.50 to $0.515, while FET experienced a 2.5% rise from $0.75 to $0.769, as reported by CoinGecko at 15:00 UTC (CoinGecko, 2025). This modest increase can be attributed to the potential for AI projects to leverage cheaper transactions on Base for their operations. The correlation between BASE and major crypto assets like Bitcoin (BTC) and Ethereum (ETH) was also analyzed. While BTC remained relatively stable, with a price of $45,000 at 15:00 UTC, ETH saw a slight 1% increase from $3,000 to $3,030, indicating a minor positive sentiment spillover from the Base announcement (CoinGecko, 2025). The AI-crypto crossover presents potential trading opportunities, particularly in AI tokens that could benefit from increased efficiency on Base. AI-driven trading volumes for BASE increased by 5%, from 100,000 BASE to 105,000 BASE, as tracked by Kaiko at 16:00 UTC (Kaiko, 2025). This suggests that AI algorithms are actively responding to the network upgrade, further influencing market dynamics.