On December 19, 2025, ETHGas announced the launch of Ethereum’s blockspace futures market, with commitments totaling $800 million from key Ethereum builders. The company also disclosed a $12 million seed round led by Polychain Capital.
The new market enables the trading, acquisition, and hedging of computation and storage on Ethereum’s blockchain, addressing processing constraints and gas price volatility. ETHGas positions itself as settlement infrastructure for blockspace, aiming to mitigate risks for wholesale participants and support staking yields.
This move aligns with Ethereum co-founder Vitalik Buterin’s vision for a gas futures market. Led by Kevin Lepsoe, formerly of Morgan Stanley, ETHGas’s team includes professionals from Morgan Stanley, Deutsche Bank, HKEx, and Lockheed Martin. The venture has backing from Stake Capital and Amber Group.
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