Excitement Builds Around Baseās Upcoming Developments
On June 4, 2025, Jesse Pollak, a key figure behind Coinbaseās Base network, shared a tweet hinting at big things ahead with the phrase āitās going to be an onchain summer.ā His comment has caught the attention of traders and investors, suggesting that new projects or updates on the Base network may be coming soon. Since Base is a layer-2 solution built on Ethereum, it aims to make transactions faster and cheaperāsomething the crypto community values highly.
Market Conditions Support Layer-2 Growth
This announcement comes at a time when the crypto market is relatively stable. On the same day, Bitcoin was trading around $71,200 and Ethereum around $3,800. These calm conditions create a good setup for investors to focus on new narrativesālike growth in layer-2 technologies. Total value locked (TVL) in DeFi also reached $95 billion, showing increased user activity across the ecosystem.
Trading Opportunities for ETH, OP, and ARB
Jesseās tweet has opened up potential trading opportunities. Ethereum (ETH) could benefit directly, but tokens like Optimism (OP) and Arbitrum (ARB), which are also layer-2 projects, may also see more interest. As of June 4, OP was trading at $2.45 and ARB at $1.12, both showing high trading volumes. A spike in these tokens could happen if Base launches attract more users and activity.
Rising On-Chain and Social Metrics
User interest in layer-2 networks is clearly growing. Glassnode data showed a 15% increase in active addresses across these networks, while mentions of āBaseā and āonchain summerā rose by 25% on social media, according to LunarCrush. This shows a positive shift in sentiment that traders are watching closely.
Technical Indicators Suggest Room for Growth
From a technical perspective, Ethereum had a relative strength index (RSI) of 58, meaning itās not overbought or oversoldāleaving room for potential upward movement. ETHās 24-hour trading volume also jumped 10% to $12 billion, showing increased interest from market participants.
Conclusion: Watch Base for the Next Big Moves
While traditional markets like the S&P 500 stayed flat, crypto markets are showing signs of independent momentum. The buzz around Base and the idea of an āonchain summerā could be a major driver for Ethereum and layer-2 tokens in the coming weeks. Traders should stay alert for new announcements from Base, as they could trigger price moves and set longer-term trends in the crypto space.
#OnchainSummer $USDC $ETH $ARB