ETHGas raises $12M as Buterin spotlights onchain gas futures

ETHGas, an Ethereum blockspace trading platform, has raised $12 million in a seed round led by Polychain Capital. This funding follows Ethereum co-founder Vitalik Buterin’s discussion of onchain “gas futures” markets as a way to provide clearer fee signals and hedging opportunities. ETHGas aims to reimagine blockspace allocation and has launched a platform with $800 million in commitments. The platform introduces “pre-confirmations” to secure execution at defined times, aiming for “Real-Time Ethereum” with sub-block transaction times and reduced MEV. While acknowledging potential centralization risks, ETHGas plans to mitigate these through multiple nodes and leader election. The system can purportedly process over 10,000 transactions per second, offering various pre-confirmation options, with execution guarantees planned for broader deployment in 2026.

(Source：Cointelegraph)