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ETHGas raises $12 million in funding and launches the first Ethereum block space futures market
【ChainWen】Recently, the Ethereum ecosystem has introduced a new gameplay. ETHGas completed a $12 million seed round led by Polychain Capital and launched Ethereum’s first block space futures market. This idea is quite innovative—the platform attracted approximately $800 million in non-cash liquidity commitments from validators and block builders, allowing users to trade execution rights for up to 64 blocks in advance.
What does this mean? Users can lock in execution rights ahead of time, which can help optimize transaction costs by stabilizing Gas fees, and also assist validators and block builders in improving their yields. From a broader perspective, this product is gradually advancing Ethereum’s “real-time execution” architecture upgrade, helping to enhance the network’s overall efficiency and fairness.
Such innovative trading mechanisms are still relatively rare in the DeFi ecosystem. If it operates smoothly, it could bring a lot of new possibilities to Ethereum’s priority market.