ETHGas has secured $12 million in funding to advance its vision of a real-time Ethereum execution layer. The funding round was led by Polychain Capital, with participation from Stake Capital, BlueYard Capital, Lafayette Macro Advisors, SIG DT, and Amber Group. Founder Kevin Lepsoe revealed that Ethereum validators, block proposers, and relay nodes have committed approximately $800 million in Ethereum block space liquidity to support the project's development.
ETHGas aims to address Ethereum's gas price volatility by creating a futures market for block space, allowing DApps to lock in gas costs and ensure predictable transaction fees. The project will also introduce a no-code tool, Open Gas, to help DApps implement gas subsidy programs. ETHGas's ultimate goal is to enable real-time transactions on Ethereum by establishing an orderly blockspace auction market, attracting infrastructure operators and increasing network efficiency.
ETHGas Raises $12M to Develop Real-Time Ethereum Execution Layer
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