ETHGas

ETHGas, trading under the symbol GWEI, is a DeFi application built on the BNB Chain that treats Ethereum blockspace as a tradable commodity. It claims to decompose Ethereum block production into discrete, composable units that can be bought, sold, and composed like financial instruments. The protocol targets developers, protocols, and sophisticated users who face unpredictable gas costs on Ethereum and want tools to hedge or abstract away that volatility.

ETHGas positions itself as a blockspace infrastructure layer that sequences transactions in real time, aiming to achieve sub-second confirmation windows compared to Ethereum's roughly twelve-second block times. The GWEI token lives on the BNB Chain and functions as the native unit within this system, underpinning a futures and forward market intended to let participants lock in gas costs ahead of time, much as commodity markets let buyers fix the price of energy or metals. The protocol also includes an Open Gas Initiative designed to let end users transact without directly handling gas fees, shifting that cost to the protocols themselves.

The data stored here does not include a fee stream, so it is not possible to describe where revenue originates, who pays it, or who receives it. Circulating supply stands at 1,980,000,000 GWEI against a maximum supply of 10,000,000,000, meaning only 19.8 percent of the total supply has been issued at this point in time. The ratio of fully diluted valuation to current market capitalization is 5.05, reflecting the 405.05 percent of additional supply that has not yet entered circulation. Until a fee model is publicly documented and captured in this dataset, fee-based measures cannot be meaningfully reported for this asset.