ETHGas is a Realtime Ethereum Infrastructure protocol designed to speed up Ethereum transactions by more than 100x. It achieves this by commoditizing blockspace, which facilitates an instant, gasless experience for users and boosts validator yields.

A team mainly located in Hong Kong launched ETHGas on the Ethereum mainnet in 2025. The protocol establishes a market for blockspace, permitting the trading of Ethereum gas and block inclusion rights in advance, rather than relying solely on spot auctions during block production.

While Ethereum’s base layer currently functions with block times of around 12 seconds and sells blockspace on demand, ETHGas enhances this system. It breaks blocks down into smaller components, allowing validators to offer future blockspace via forward and futures-style markets. This enables entities like validators, block builders, and searchers to trade these units beforehand, resulting in more predictable execution and reduced latency for confirmations.

The protocol also enables pre-confirmations, providing execution guarantees for transactions prior to their final inclusion in a block. This method shortens effective settlement times for applications needing quicker feedback than standard block intervals allow. ETHGas serves as infrastructure that works with current Ethereum validator software without replacing Ethereum consensus.

Furthermore, ETHGas facilitates gas abstraction via its Open Gas Initiative. This allows protocols and applications to cover gas fees for users, so end users can engage with Ethereum without handling variable gas costs directly. Settlement happens in the background, with gas costs managed at the application or protocol level.

By late 2025, ETHGas directs a low single-digit percentage of Ethereum blockspace through its system, involving various infrastructure providers and validator operators.

GWEI serves as the native governance token for the ETHGas ecosystem. It is an ERC-20 token built on Ethereum and is utilized solely for governance purposes within the protocol.

Users can stake GWEI to receive veGWEI, a non-transferable token that signifies voting authority. Those holding veGWEI are eligible to vote on matters concerning protocol settings, upgrades, treasury distribution, incentive frameworks, and possible growth into new chains or products.

GWEI does not confer ownership, equity, or rights to protocol income. It is neither used for covering Ethereum transaction fees nor necessary for standard engagement with ETHGas blockspace markets.

The total supply of GWEI is capped at 10 billion tokens. When the token is generated, only part of this amount will be in circulation. The rest is locked under vesting plans intended for contributors, ecosystem rewards, and long-term governance initiatives.

Future emissions might be released as governance incentives, depending on rules ratified via on-chain governance. The ETHGas Foundation releases specific details on token allocation, vesting timelines, and circulating supply numbers, which are also refreshed on common token data sites.

Kevin Lepsoe launched ETHGas. He previously served as a financial engineering lead at Morgan Stanley, bringing experience in structured products, market design, and low-latency systems.

The protocol follows a foundation-led model. The ETHGas Foundation manages long-term governance, ecosystem coordination, and protocol stewardship, while a separate development company handles engineering, research, and infrastructure tasks.

Following the token generation event, GWEI is planned to be tradable on both centralized and decentralized cryptocurrency exchanges. The specific platforms, trading pairs, and overall availability will rely on individual exchange listings and regional regulations at the time of launch. Before buying or interacting with cryptocurrency tokens, users are advised to review exchange documentation and educational materials.