ETHGas price

GWEI

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What Is ETHGas?

ETHGas is an Ethereum infrastructure protocol focused on reducing transaction latency and restructuring how Ethereum blockspace is allocated and priced. Launched on Ethereum mainnet in 2025 by a team primarily based in Hong Kong, ETHGas introduces a blockspace market that allows Ethereum gas and block inclusion rights to be traded ahead of time rather than exclusively through spot auctions at block production.

Ethereum’s base layer currently operates with approximately 12-second block times, where blockspace is sold on demand. ETHGas supplements this model by decomposing blocks into smaller units and enabling validators to sell future blockspace through forward and futures-style markets. Participants such as validators, block builders, and searchers can buy, sell, or trade these blockspace units in advance, enabling more predictable execution and lower latency confirmations.

The protocol supports pre-confirmations, which allow transactions to receive execution guarantees before final block inclusion. This approach reduces effective settlement times for applications that require faster feedback than standard block confirmation intervals. ETHGas operates as infrastructure that integrates with existing Ethereum validator software and does not replace Ethereum consensus.

In addition to blockspace markets, ETHGas supports gas abstraction through its Open Gas Initiative. This initiative enables applications and protocols to sponsor gas fees on behalf of users, allowing end users to interact with Ethereum without directly managing variable gas costs. Gas costs are handled at the protocol or application level, with settlement occurring in the background.

As of late 2025, ETHGas routes a low single-digit percentage of Ethereum blockspace through its pipeline, with participation from multiple validator operators and infrastructure providers.

What Is GWEI?

GWEI is the native governance token of the ETHGas ecosystem. It is an ERC-20 token deployed on Ethereum and is used exclusively for governance-related functions within the protocol.

GWEI can be staked to obtain veGWEI, a non-transferable governance token that represents voting power. Holders of veGWEI can participate in governance decisions related to protocol parameters, upgrades, treasury allocations, incentive structures, and potential expansion to additional chains or products.

GWEI does not represent ownership, equity, or entitlement to protocol revenues. It is not used to pay transaction fees on Ethereum, nor is it required for basic interaction with the ETHGas blockspace markets.

How Many GWEI Tokens Are There?

The maximum supply of GWEI is fixed at 10 billion tokens. A portion of the supply is scheduled to be circulating at token generation, with the remainder subject to vesting schedules for contributors, ecosystem incentives, and long-term governance programs.

Additional emissions may be distributed over time as governance incentives, according to parameters approved through on-chain governance. Detailed token distribution, vesting schedules, and circulating supply figures are published by the ETHGas Foundation and updated through standard token information platforms.

Who Are the Founders of ETHGas?

ETHGas was initiated by Kevin Lepsoe, a former financial engineering lead at Morgan Stanley with a background in structured products, market design, and low-latency systems.

The protocol operates under a foundation-led structure. The ETHGas Foundation oversees long-term governance, ecosystem coordination, and stewardship of the protocol, while a dedicated development company contributes to engineering, research, and infrastructure.

Where Can You Buy GWEI?

GWEI is intended to be available for trading on centralized and decentralized cryptocurrency exchanges following its token generation event. Availability, trading pairs, and supported platforms depend on regional regulations and individual exchange listings at the time of launch.

Users should consult exchange documentation and educational resources before purchasing or interacting with cryptocurrency tokens.