ETHGas raises $12M, launches Ethereum blockspace futures market

ETHGas has raised $12 million in a seed round led by Polychain Capital, with participation from Stake Capital, BlueYard Capital, Lafayette Macro Advisors, SIG DT, and Amber Group. Alongside the funding, the project launched what it calls the first futures market for Ethereum blockspace. ETHGas said validators, block builders, and relays across the Ethereum ecosystem have committed roughly $800 million in liquidity, provided not as cash but as blockspace supplied directly into the marketplace in exchange for higher and more predictable yields.

The platform allows Ethereum blockspace to be bought and sold in advance rather than only at the moment a block is produced. This enables validators to sell blockspace up to 64 blocks ahead, helping them capture more MEV and boost staking yields. For users, traders, and applications, ETHGas offers tools to hedge gas costs, prepay for execution, and avoid sudden fee spikes. The company currently charges a 5% fee on blockspace futures trades and aims to fully roll out its “real-time Ethereum” model, designed to significantly reduce or eliminate MEV, in Q1 next year.