ETHGas

ETHGas, whose token trades under the symbol GWEI, is a DeFi application built around what it calls Blockspace Infrastructure — a system that breaks Ethereum's blockspace into tradable, composable units. The project claims to address the unpredictability and volatility of Ethereum gas costs, which affect anyone who sends transactions on the network, from everyday users to large protocols. It does this by treating gas itself as a financial primitive that can be priced, scheduled, and exchanged in a futures or forward market, similar to how energy commodities are handled in traditional finance.

The protocol operates across both the Ethereum and BNB Chain ecosystems and uses real-time sequencing to aim for sub-second confirmation windows, compared with Ethereum's standard twelve-second block time. The GWEI token functions within this system as the native unit of the blockspace market, enabling participants to acquire, trade, or settle gas-denominated positions. The project also describes an Open Gas Initiative intended to abstract gas costs away from end users and redirect them toward the protocols that build on top of the system.

The data stored for ETHGas does not include a recorded fee stream, so there is no information available about who pays fees into the protocol, who receives them, or what the protocol retains. This means that fee-based measures — such as revenue yield or fee-to-market-cap ratios — cannot be calculated or reported for this asset on this site. What is recorded is that circulating supply stands at 1,980,000,000 GWEI against a maximum supply of 10,000,000,000 GWEI, meaning only 19.8% of the total supply has been issued at this point in time, with a dilution overhang of approximately 405% relative to circulating supply.