- ETHGas secures $12M seed round and $800M commitments to create a liquid, programmable Ethereum blockspace market.
- Blockspace futures enable pre-confirmations, high-throughput execution, and reduced gas volatility for developers and users.
- Open Gas Initiative sponsors gas for 127,000+ users, turning Ethereum fees into a seamless acquisition and retention tool.
ETHGas has secured a $12 million seed round led by Polychain Capital. The New York-based startup plans to turn Ethereum’s blockspace into a liquid, programmable market.
Additionally, ETHGas announced $800 million in commitments from top Ethereum builders, validators, and wholesale participants to support this ambitious infrastructure. The move aims to make every Ethereum transaction instant, predictable, and free from visible gas fees.
Ethereum has spent over a decade becoming the most decentralized and economically significant blockchain. However, blockspace allocation remains inefficient and volatile. Hence, ETHGas is stepping in to create a standardized market where participants can buy, sell, or hedge blockspace.
According to founder lepsoe, “Ethereum blockspace is digital oil. The world’s most valuable commodity you’ve never been able to trade. Until now.” With this new market, blockspace will gain institutional-grade throughput, and developers will secure execution at predefined times across a full curve of maturities.
Introducing Ethereum’s Blockspace Futures
ETHGas’ marketplace allows institutions and applications to engage in pre-confirmations, ensuring transaction placement and predictable execution. Moreover, this infrastructure integrates directly across validators, block builders, and relays.
Consequently, participants can reduce pipeline risk, improve staking yields, and eliminate gas volatility for users. Justin Drake, a leading researcher, notes that real-time execution requires pre-confirmations since even one-second block clearing times remain insufficient.
Additionally, ETHGas can handle over 10,000 transactions per second, offering high-performance execution previously unavailable on Ethereum.
Open Gas Initiative Expansion
Besides launching blockspace futures, ETHGas will expand the Open Gas Initiative (OGI) to eliminate gas fees at the user experience layer. Projects such as ether.fi and EigenLayer now sponsor gas for users without code integration.
Consequently, over 127,000 users have generated Gas IDs, and historical spending of 270,622 ETH now qualifies for gas sponsorship. Hence, gas transforms from a cost barrier into a tool for user acquisition and retention.
