About ETHGas
ETHGas is an Ethereum-based blockspace infrastructure protocol that converts Ethereum blockspace into tradable, composable units for near-real-time execution and blockspace markets. The protocol and its native GWEI token launched in 2026, with public announcements and exchange listings appearing in January 2026. ETHGas runs on Ethereum mainnet through smart contracts that coordinate blockspace reservations and governance. It relies on Ethereum's own proof-of-stake consensus rather than operating a separate network. The native token, GWEI, is an ERC-20 token used for on-chain governance and coordination. Holders stake GWEI to receive non-transferable veGWEI voting power, which is used for proposal creation, voting, and delegated decision-making over protocol parameters, treasury allocations, and ecosystem upgrades. GWEI is not used to pay Ethereum transaction fees or general protocol fees, and it carries no claim on revenue or equity. The total supply of GWEI is fixed at 10 billion tokens, distributed over roughly a decade, with circulating supply representing a subset of that capped total. Governance over Ethereum blockspace infrastructure is managed through the on-chain veGWEI voting system.
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ETHGas and Ether.fi strike $3Bn deal to advance institutional blockspace markets
Georgetown, Cayman Islands, 15th April 2026, Chainwire
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