What is ETHGas (GWEI)

Learned by 1.0k usersPublished on 2026.01.23Last updated on 2026.01.27

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I. Project Introduction

1. What Is ETHGas?

ETHGas builds real-time infrastructure for the Ethereum economy, transforming volatile gas fees and block space into a structured, predictable, and efficient market. By enabling gas-free experiences and instant settlement for end-users, ETHGas simultaneously unlocks enhanced revenue opportunities for validators and stakers across the ecosystem.

2. How Does ETHGas Operate?

ETHGas is a marketplace for block space commitments and base fees. It operates on a hybrid exchange model, utilizing a Central Limit Order Book (CLOB) to match buyers and sellers. To ensure security, ETHGas employs a non-custodial smart contract for collateral management, guaranteeing validator commitments. As a neutral third party, it provides comprehensive end-to-end privacy.

3. Who Created ETHGas?

Kevin Lepsoe, Founder of ETHGas and Founder & CEO of Infinity Exchange. He previously served as Founder & CEO of both Chinafy and Notey, and was the Head of Structuring and Financial Engineering at Morgan Stanley. X: @lepsoe | LinkedIn: linkedin.com/in/lepsoe/

In mid-2024, the company closed an undisclosed Pre-Seed funding round of approximately $5 million.

In December 2025, ETHGas raised $12 million in a funding round led by Polychain Capital, with participation from Stake Capital, BlueYard Capital, Lafayette Macro Advisors, SIG DT, and Amber Group.

4. ETHGas Tokenomics

$GWEI serves as the governance token for the ETHGas Foundation. The total supply of $GWEI is 10 billion tokens, distributed as follows:

Ecosystem (31%): Distributed via 10-year linear vesting.

Investors (27%): 1-year lock-up, with 10% released at the cliff followed by 2-year linear vesting.

Team (22%): 1-year lock-up, with 10% released at the cliff followed by 2-year linear vesting.

Community (10%): Distributed via 4-year linear vesting.

Foundation (8%): Fully unlocked on Day 1.

Advisors (2%): 1-year lock-up, with 10% released at the cliff followed by 2-year linear vesting.

5. Timeline & Key Milestones

December 2025: ETHGas successfully closed a $12 million funding round.

December 2025: The ETHGas Foundation was officially established.

January 21, 2026: The ETHGas governance token, $GWEI, was officially launched.


II. Token Information

1) Basic Information
Token name: GWEI (ETHGas)


III. Related Links

Website: https://www.ethgas.com/
Explorers: https://etherscan.io/token/0x2798b1cC5A993085E8A9D46e80499F1B63f42204
Socials: https://twitter.com/ETHGasOfficial

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.

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799 Total ViewsPublished 2026.01.23Updated 2026.01.27

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