The Base network, supported by Coinbase, has experienced a surge in activity, particularly in memecoin trading. Transactions and trading volumes have reached record highs, with over 2.3 million transactions on March 30 alone. Decentralized exchanges on Base have seen unprecedented volumes, led by UniSwap. Memecoins have played a significant role in driving this surge, with speculation that Base could become a hub for such coins. However, this growth has also led to a significant increase in gas fees on the network. As Base continues to grow, sustaining its momentum will be crucial for its future success.