Ethereum prepares for the new execution layer: ETHGas just raised $12 million from top investors

Gas price volatility issues on Ethereum have been around for a long time, but there is still no optimal solution. ETHGas aims to change this situation by building a real-time execution layer for Ethereum, and has just received a significant grant to accelerate the project.

Impressive funding round from leading funds

ETHGas has completed a $12 million funding round, led by Polychain Capital. In addition, the list of participating investors includes Stake Capital, BlueYard Capital, Lafayette Macro Advisors, SIG DT, and Amber Group. Notably, Ethereum validators, block proposers, and relayers have demonstrated their commitment by allocating approximately $800 million in liquidity from the Ethereum space to support this project.

Solution for chronic gas fee issues

According to founder Kevin Lepsoe, the core idea of ETHGas is to create a futures market for the blockchain space. Instead of suffering from volatile gas prices, decentralized applications (DApp) will be able to lock in gas costs in advance and ensure predictable transaction fees. This not only helps DApps manage costs efficiently but also provides stability for end-users.

Supporting tools and long-term goals

To make it accessible, ETHGas will launch a no-code tool called Open Gas. It allows DApps to implement gas subsidy programs without requiring deep technical knowledge. The ultimate goal is to turn Ethereum into a network with the most real-time transactions, by establishing an ordered block space auction market. When the new execution layer operates efficiently, it will attract more infrastructure operators and improve the overall performance of the Ethereum network.