ETHGas Raises $12M to Accelerate Ethereum’s Realtime, Gasless Future
ETHGas has closed a $12 million fundraise led by Polychain Capital, featuring notable ETH investors such as Stake Capital, BlueYard Capital, SIG DT, and Amber Group. The raise fuels the next phase of ETHGas’ development and provides the foundation needed to turn blockspace into a real, programmable financial market that’s capable of making every transaction instant, invisible, and budgetable.
Ethereum has spent more than a decade becoming the most decentralized and economically meaningful settlement layer in crypto. However, the next step in its evolution will require a reimagination of the way blockspace is allocated on the network, as acknowledged by Vitalik himself.
ETHGas was created to tread this path. Today’s announcement is a major step towards eliminating volatility from gas fees and giving developers the tools to create consistent user experiences.
Launching Ethereum’s Standardized Blockspace Market
Alongside the fundraise, ETHGas has debuted Ethereum’s blockspace market with $800 million in commitments from leading validators, builders, and wholesale network participants. This market transforms blockspace into a liquid, tradeable asset that institutions, applications, and users can buy, sell forward, hedge, and allocate with precision.
Blockspace commitments, or “pre-confirmations,” allow participants to secure execution at defined points in time, with maturities across a full curve and institutional-grade throughput. With 10,000+ transactions per second settlement capability and user-defined placement within a block, ETHGas introduces predictable, high-performance execution to the world’s most important blockchain.
As noted by leading researcher Justin Drake: “With a highly decentralized network like Ethereum we won’t be able to bring the block clearing times down to one second, and even if we did achieve one second, that would still be too slow. Users want real-time and so the only way forward is to invest in pre-confirmations.”
This infrastructure integrates directly across validators, block builders, and relays, enabling improved staking yields, reduced pipeline risk, and the ability for applications to remove gas price volatility entirely from their end-users’ experience.
The Open Gas Initiative Expands
A portion of this fundraise is dedicated to expanding the Open Gas Initiative (OGI), ETHGas’ industry-wide movement to eliminate gas fees at the UX layer.
OGI allows protocols such as ether.fiand EigenLayer to sponsor gas for users with zero-code integration. In its first chapter, it’s allowing over 127,000 users to generate Gas IDs that have surfaced 270,622 ETH in historical gas spend to receive gas sponsorship from their favorite applications. OGI transforms gas from a source of friction into an acquisition and retention tool.
The Road Ahead: A New Asset Class for a Real-Time Ethereum
Our goal is simple: Make every transaction on Ethereum instant and predictable with invisible gas fees. With the introduction of blockspace futures and the acceleration of the Open Gas Initiative, ETHGas is entering its next chapter where it can achieve this goal at scale.
In the near future, we’ll see the emergence of blockspace as a strategic commodity. Just as compute, bandwidth, and storage became tradeable primitives during the early internet era, blockspace now forms the foundational resource for onchain applications, from tokenized markets to payments to AI verification.
When that happens, the next generation of Ethereum applications can be realtime and gasless. This raise brings that future closer.
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