ETHGas raises $12 million in token round as it launches Ethereum blockspace futures market with $800 million in liquidity commitments
ETHGas secured $12 million in a seed token round and launched the first Ethereum blockspace futures market with $800 million in liquidity commitments.Summary
ETHGas has successfully raised $12 million in a seed funding round, led by Polychain Capital, structured entirely as a token round using SAFTs. Concurrently, the company launched what it claims is the first futures market for Ethereum blockspace, backed by approximately $800 million in liquidity commitments from validators and block builders, which represents blockspace supply rather than cash investment.
The ETHGas marketplace allows blockspace—the capacity within Ethereum blocks—to be bought and sold up to 12.8 minutes in advance, enabling validators to capture more MEV (Maximal Extractable Value) for higher yields. Users, including traders and institutions, can hedge gas costs and prepay for execution. ETHGas earns a 5% fee on these futures trades.
Furthermore, ETHGas is developing technology to segment blocks into small sequential pieces, aiming to make Ethereum effectively 100-200x faster and virtually eliminate MEV, aligning with calls from figures like Vitalik Buterin for onchain gas futures and real-time execution.
(Source：The Block)