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Project Overview
ETHGas is a marketplace to source and trade blockspace commitments, alongside the Base Fee itself. It operates as a hybrid exchange - a centralized venue, where the central limit orderbook (CLOB) matches buyers with sellers, alongside a non-custodial smart contract where the collateral is held to backstop validator commitments.
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Binance Alpha Distributes Second Wave of ETHGas (GWEI) Airdrop, Threshold at 230 Points
that, according to an official announcement, Binance Alpha has distributed the second wave of ETHGas (GWEI) airdrops, with a threshold of 230 points.Users holding at least 230 Alpha points are eligible to claim the token airdrop. On the Alpha activity page, they can claim an airdrop of 250 GWEI tokens. If rewards are not fully claimed, the points threshold will automatically decrease by 5 points every 5 minutes.
Ether.fi pledges $3 billion worth of ETH to ETHGas as validator liquidity over three years
According to The Block, Ethereum liquid re-staking protocol Ether.fi announced it will supply a total of $3 billion worth of Ethereum as “validator liquidity” to the ETHGas market over the next three years, funded by its managed 2.8 million staked ETH. ETHGas is an Ethereum blockspace futures market that enables pre-purchasing of blockspace to guarantee transaction execution. This initiative aims to enhance validator returns by selling blockspace commitments, helping validators capture more maximum extractable value (MEV) and achieve higher, more predictable yields. ETHGas has secured institutional investment from firms including Polychain Capital and has launched its governance token GWEI, currently valued at approximately $120 million. Ether.fi’s native token ETHFI has a market cap of roughly $332 million. This move will provide developers and enterprises with more predictable transaction costs and execution times, advancing Ethereum’s development as a global institutional capital settlement layer.