ETHGas has successfully raised $12 million in a funding round led by Polychain Capital, aimed at developing Ethereum blockspace infrastructure. This investment will facilitate the transformation of blockspace into a programmable financial market, enabling instant and budgetable transactions. The initiative seeks to stabilize gas fees and enhance developer tools, aligning with Ethereum's future developments. Alongside the funding announcement, ETHGas launched the Ethereum Blockspace Market, which has already secured $800 million in commitments from key network participants. This strategic move is expected to impact Ethereum's market cap as the project progresses.