ETHGas
ETHGas builds a marketplace that transforms Ethereum blockspace into a tradable commodity, offering validators new yield products and traders guaranteed block inclusion via futures and preconfs. Founded 2024 in Hong Kong, backed by Polychain Capital.
- Company typePrivate
- Founded2024
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What ETHGas does
ETHGas (legally Digital Gas Management Limited, BVI-incorporated; Hong Kong headquarters) is a settlement-infrastructure protocol for Ethereum that transforms blockspace into a tradeable commodity. The company, founded in 2024 with 1-10 employees, operates a marketplace where Ethereum validators pre-sell future block inclusion rights and traders purchase guaranteed execution — enabling the first forward market for Ethereum blockspace, with execution rights tradeable up to 64 blocks ahead (approximately 10 minutes). Core products include the Blockspace Trading Platform (Whole Blocks & Sequencing Rights and Inclusion Preconfs markets), Realtime Ethereum (3.1ms transaction confirmations vs the native 12-second block time), the Blockspace Futures Market, and the Open Gas Initiative for protocol-sponsored gas rebates. The architecture runs on Ethereum mainnet and Hoodi testnet, powered by the ETHGasPool contract, a commit-boost module for Proposer-Builder Separation, multi-relay support (Titan, Flashbots), and EigenLayer Vision AVS with $10B+ in restaked ETH securing the system. Governance is handled through the $GWEI token via the ETHGas Foundation.
The business model combines transaction fees on blockspace trading (buy ~1%, primary sell ~4.5%, secondary sell ~5%), High Performance Staking Service economics from validator-side locked capital, and token-based value capture via $GWEI. Revenue-side customers are anchored by a $3B exclusive 3-year commitment from ether.fi (~40% of its holdings), supplemented by Lido onboarding and a network of 20+ validators (Rocket Pool, Kraken, Figment, Hashkey, InfStones, Allnodes). Open Gas partner protocols (Pendle, EigenCloud, Velvet Capital, f(x) Protocol, KIRAPAY, Brevis) distribute ETHGas's gasless UX through their own user bases. Go-to-market is hybrid: product-led growth via self-serve app at app.ethgas.com and community programs (283K+ members, Gassy Jack mascot, Beans loyalty, Genesis Harvest airdrop to 20,881 addresses), combined with enterprise engagement at industry conferences and the inaugural ETHCapital Summit in Seoul (April 2026). The $12M seed round (December 2025) led by Polychain Capital validates institutional interest, while the $GWEI token (ranked #169 on CoinGecko at ~$1.1B FDV) provides ecosystem-aligned incentive infrastructure.
The company's strategic positioning is built on three reinforcing layers: (1) a commodity-style market structure addressing Ethereum's structural 12-second spot auction limitation, (2) first-mover advantage in blockspace futures with proprietary contracts and a 64-block forward curve, and (3) a protocol-level ecosystem spanning EigenLayer security, validator supply depth, and Open Gas distribution. Founded in 2024, ETHGas has compressed typical startup timelines — moving from seed close to a $3B anchor commitment, a live token on 10+ exchanges, a $10B+ TVL-secured infrastructure stack, and a 919,714+ user community within roughly five months.
ETHGas firmographics
Firmographics- Name
- ETHGas
- Legal name
- Digital Gas Management Limited
- Website
- https://ethgas.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ETHGas builds a marketplace that transforms Ethereum blockspace into a tradable commodity, offering validators new yield products and traders guaranteed block inclusion via futures and preconfs. Founded 2024 in Hong Kong, backed by Polychain Capital.
- Ownership category
- akta.pro rank
ETHGas industry classification
Industry- Product category
- Blockchain Infrastructure
- NAICS
- Commodity Contracts Intermediation (523160), Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Derivatives Trading Venues (perps, futures, options) (FSAPADAE)
- akta.pro secondary industry
- Decentralized Derivatives (perps, options, futures, synthetics) (FSAPAEAC)
Keywords
Where ETHGas is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices2 records
Markets served
ETHGas business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Blockspace Marketplace Trading Fees: ETHGas operates a blockspace marketplace where traders purchase whole blocks and inclusion preconfs from validators. The platform charges trading fees on buy/sell transactions in the blockspace futures market. Fee structure: buyFeeRate ~1%, primarySellFeeRate ~4.5%, secondarySellFeeRate ~5%.
- High Performance Staking Service: Validators deposit collateral (ETH) and commit to the ETHGas platform in exchange for yield from blockspace sales. The $3B ether.fi commitment under a 3-year agreement represents validator-side locked capital generating protocol revenue through market maker participation and staking services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Blockspace trading fee rate |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
ETHGas product offering
Product offeringCore offering
ETHGas operates the first marketplace for Ethereum blockspace commitments, transforming blockspace into a tradable commodity. Validators (sellers) list future blockspace, inclusion preconfs, and sequencing rights on the platform, while traders (buyers) purchase execution guarantees up to 64 blocks ahead. The platform also provides gas fee rebates through the Open Gas Initiative, enabling protocols to subsidize gas for their end-users via a single gasless WETH claim transaction.
Product overview
ETHGas is a settlement infrastructure platform for Ethereum that transforms blockspace into a tradeable commodity. The core product is the Blockspace Trading Platform, which encompasses Whole Blocks & Sequencing Rights and Inclusion Preconfs markets. These are complemented by Realtime Ethereum for sub-3ms transaction confirmations, the Blockspace Futures Market for trading execution rights up to 64 blocks ahead, and Open Gas for gas fee rebates and elimination. The platform is governed by the $GWEI token via the ETHGas Foundation, supports $10B+ in total value locked via EigenLayer Vision AVS, and serves both validators seeking additional yield and traders/institutions seeking predictable transaction execution. The ecosystem includes over 283,000 community members and a Gasless Future Community Program.
Differentiator
Problem solved
Functional benefit
Brands
- ETHGas Foundation: The decentralized governance entity overseeing governance, token distribution, and community-driven rewards for the ETHGas ecosystem.
- $GWEI
- Realtime Ethereum
- Open Gas
- Open Gas Initiative (OG)
- Gassy Jack
- Beans
- Gasless Future Community Program
Products and services
- Blockspace Trading Platform The core marketplace platform that enables validators and traders to buy and sell Ethereum blockspace, including Whole Blocks, Inclusion Preconfs, and Blockspace Futures markets, with real-time order books and execution.
- Blockspace Futures Market Ethereum's first blockspace futures market enabling tradeable execution rights up to 64 blocks ahead, allowing price discovery, hedging, and forward pricing for blockspace similar to commodity markets.
- Realtime Ethereum A technology initiative enabling 3.1ms transaction confirmations on Ethereum through the Blockspace Marketplace, eliminating 12-second wait times and reducing MEV exposure for users.
- Open Gas Initiative Industry program enabling protocols to subsidize gas fees for their end-users through a rebate program; users claim cashback on gas fees in a single batched, gasless WETH transaction from partner protocols including Pendle, ether.fi, Velvet Capital, f(x) Protocol, EigenCloud, and KIRAPAY.
- $GWEI Token The governance token of the ETHGas Foundation, enabling community stakeholders to steer the commoditization of blockspace and the Realtime Ethereum engine; ranked #169 by market cap on CoinGecko with ~$232M circulating market cap as of April 21, 2026.
- Developer API REST and WebSocket API providing access to market data, order placement, and account management for validators, traders, and developers. Includes a community-maintained Python SDK (python-ethgas) and supports Ethereum Mainnet and Hoodi Testnet environments.
Quantifiable outcome
- Transaction confirmation reduced from 12 seconds to 3.1ms — a ~3,800x improvement
- +5 more outcomes
Companies that use ETHGas
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles1 record
ETHGas technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature6 records
ETHGas partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and flagship.
- LidocoreLido — the largest liquid staking protocol by ETH staked — began onboarding to ETHGas following the multi-relay launch, representing major validator-side adoption of the blockspace marketplace.
- ether.fiflagshipether.fi, the leading onchain banking alternative and non-custodial staking protocol, committed approximately $3 billion in ETH (roughly 40% of its current holdings) to ETHGas's High Performance Staking Service for a three-year term. ether.fi also agreed to use ETHGas's preconfirmation platform exclusively during this period. The partnership establishes the supply-side foundation for a genuine forward market for Ethereum blockspace, enabling validators to pre-sell future block inclusion rights up to 10 minutes ahead.
- ether.fi (Marketplace Integration)coreether.fi initially integrated with ETHGas to run six validator nodes, expanding blockspace supply and yield opportunities while joining the Open Gas Initiative to help eliminate gas fees.
- GoldskycoreInfrastructure partner providing data indexing and subgraph support for ETHGas. Partnership announced November 2024 to support the backbone of the gasless future.
- ClickHousecoreInfrastructure partner providing analytical database infrastructure for ETHGas platform analytics and data processing.
- EigenLayercoreETHGas runs on EigenLayer Vision AVS, with restaked ETH from validators worldwide securing the realtime Ethereum infrastructure. Listed as an ecosystem infrastructure partner.
- TitancoreBlock builder supported through ETHGas multi-relay configuration. Validators can connect to Titan relay alongside ETHGas relays.
- Quasar BuildercoreBlock builder partner supporting ETHGas's blockspace marketplace.
- PendlecoreJoined the Open Gas Initiative to eliminate gas fees for Pendle users. Gas rebates funded by Pendle are claimed monthly through the ETHGas platform.
- Velvet CapitalcoreJoined the Open Gas Initiative to eliminate gas fees from the end-user experience, accelerating Ethereum toward a realtime, gasless future.
- EigenCloudcoreJoined the Open Gas Initiative as an early protocol partner to help eliminate gas fees from the end-user experience.
- Commit-BoostcoreETHGas works with Commit-Boost to enable validators to hyperscale Ethereum and boost APYs. The commit-boost module is the core PBS (Proposer-Builder Separation) technology powering ETHGas blockspace trading.
- HashkeycoreValidator partner operating on the ETHGas ecosystem.
- InfStonescoreValidator partner operating on the ETHGas ecosystem.
- FigmentcoreValidator partner operating on the ETHGas ecosystem.
- ObolcoreValidator partner supporting distributed validator technology (DVT) for ETHGas, allowing multi-operator validator setups via Obol's infrastructure.
- Rocket PoolcoreValidator partner operating on the ETHGas ecosystem.
- KrakencoreValidator partner operating on the ETHGas ecosystem.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
ETHGas competitors and assessment
Company assessmentDirect peers
- Flashbots: Flashbots is the dominant Ethereum block-builder and MEV infrastructure provider whose relay ETHGas connects to in multi-relay configuration. Both compete for validator block-proposal flow while collaborating as complementary infrastructure layers.
- Titan Builder: Titan is a leading Ethereum block builder and relay operator that ETHGas integrates alongside via its multi-relay support. Both compete for validator connections and block-construction revenue in the MEV supply chain.
- dYdX: dYdX operates a leading on-chain perpetual futures exchange with its own app-chain. Like ETHGas, it pioneered a new decentralized derivatives venue with a token (DYDX) and competes for the same crypto-native institutional and retail trading audience.
- Hyperliquid: Hyperliquid is a high-performance decentralized perpetuals exchange that built its own L1. Comparable to ETHGas as a token-governed, decentralized derivatives venue targeting sophisticated crypto traders with low-latency execution.
- GMX: GMX is a decentralized spot and perpetual exchange on Arbitrum/Avalanche. Shares the on-chain derivatives venue model with ETHGas and serves an overlapping DeFi-native audience seeking transparent, token-governed trading infrastructure.
Emerging players
- Across Protocol: Across is an intent-based cross-chain bridge and settlement layer. Comparable to ETHGas as Ethereum infrastructure tackling MEV and execution-quality challenges via novel market mechanisms.
- CoW Protocol: CoW Protocol runs batch auctions and intents to protect traders from MEV on Ethereum. Overlaps with ETHGas's preconfirmation and MEV-reduction value proposition for institutional DeFi traders.
- Symbiotic: Symbiotic is a restaking protocol competing with EigenLayer for the same shared-security AVS market. Comparable to ETHGas's EigenLayer Vision AVS reliance and its restaked-ETH-driven validator economics.
- Karak Network: Karak is a restaking and AVS marketplace. Comparable to ETHGas as Ethereum-aligned infrastructure leveraging restaked assets to secure novel services — and competing indirectly for restaked ETH supply.
Others
- Pendle Finance: Pendle is a yield-trading protocol that, like ETHGas, pioneered a new forward-yield market on Ethereum. ETHGas's Open Gas partner Pendle shares the "trade the future of a core Ethereum resource" thesis, making it thematically aligned though not a direct competitor.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ETHGas social profiles
Digital presenceETHGas compliance and trust
Trust signalCompliance1 record
ETHGas financial estimates
Financial estimateRevenue estimate
Valuation estimate
ETHGas leadership team
Management profileNumber of profiles
Profiles2 records
ETHGas funding detail
Funding detailFunding overview
Funding rounds2 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ETHGas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ETHGas
What does ETHGas do?
ETHGas operates the first marketplace for Ethereum blockspace commitments, transforming blockspace into a tradable commodity. Validators (sellers) list future blockspace, inclusion preconfs, and sequencing rights on the platform, while traders (buyers) purchase execution guarantees up to 64 blocks ahead. The platform also provides gas fee rebates through the Open Gas Initiative, enabling protocols to subsidize gas for their end-users via a single gasless WETH claim transaction.
Is ETHGas a public or private company?
ETHGas is a private company. It is classified as venture growth investor backed and is currently operating.
When was ETHGas founded?
ETHGas was founded in 2024. It employs 1 to 10 people.
Where is ETHGas based?
ETHGas is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does ETHGas make money?
Two revenue lines are on record. Blockspace Marketplace Trading Fees are the primary driver. The others are high Performance Staking Service.
Who are ETHGas's main competitors?
Direct peers on record are Flashbots, Titan Builder, dYdX, Hyperliquid and GMX. Emerging players are Across Protocol, CoW Protocol, Symbiotic and Karak Network. Pendle Finance is listed as an others.
Does ETHGas have an API?
Yes. ETHGas offers a REST and WebSocket API providing access to market data, order placement, and account management. The REST API is divided into public endpoints (/api/v1/p) for market data and authenticated endpoints (/api/v1) for account-specific trading. Authentication uses EIP-712 message signing (wallet-based). Public endpoints cover markets, order books, trades, candlesticks, and block builder data. Authenticated endpoints cover user accounts, funding, whole block trading, inclusion preconf trading, validator registration, builder registration, pricer operations, and SSV/Obol validator management. WebSocket API supports real-time order book updates, trade updates, ticker updates, candlesticks, preconf bundle updates, and private account updates. A community-maintained Python SDK (python-ethgas) is available on GitHub. Environments include Ethereum Mainnet and Hoodi Testnet. Developer documentation is at developers.ethgas.com.
What industry is ETHGas in?
ETHGas's product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSAPADAE, Derivatives Trading Venues (perps, futures, options), with a secondary code of FSAPAEAC, Decentralized Derivatives (perps, options, futures, synthetics). Its NAICS code is 523160 and its SIC code is 6221.