Author: Yuliya, PANews
The high and unstable Gas fees of Ethereum have long been a stubborn ailment hindering its widespread adoption, and a persistent pain point for developers and users alike. Against this backdrop, a bold idea aimed at making Gas "invisible"—ETHGas—was born. Recently, PANews had an exclusive conversation with the founder of ETHGas, delving into how they started from an epiphany during the pandemic to build a "real-time Ethereum." This dialogue will reveal how ETHGas is pioneering the establishment of a financial market for "block space" and collaborating with leading protocols through the "Open Gas Initiative" to jointly outline and realize a user-friendly blueprint for a "Gasless future."
Epiphany During the Pandemic: Reshaping Gas from "Transaction Tax" to "Financial Market"
PANews: As far as I know, the idea of ETHGas was born during the special period of pandemic isolation. What industry pain points did you observe at that time? What was the "epiphany moment" that prompted you to decide to build a "real-time Ethereum" and commit to achieving the "invisibility" of Gas?
ETHGas: Haha, yes, that was an unforgettable time. I was stuck in a hotel, with nothing to do but focus on the market. I witnessed the frenzy of DeFi Summer, but also saw the huge friction behind it: Gas fees skyrocketed like a runaway beast, and ordinary users either hesitated or got stuck in transactions, leading to a terrible experience. I thought to myself, it’s like a beautifully designed highway, but the toll booths are chaotic, charging randomly, and sometimes even blocking you from the road. This cannot be the future.
That "epiphany moment" was realizing that the problem wasn't the Gas fees themselves, but how we treated them. We have always regarded them as an unavoidable "tax" rather than a manageable financial market. I thought, if we can establish financial markets for airline fuel and farmers' grains, why can't we do the same for Ethereum's block space? This idea was the starting point for us to build a "real-time Ethereum" and achieve "invisible Gas."
"Gasless Future": Paving the Way for the Next Billion Users
PANews: Currently, the vast majority of Ethereum users view Gas fees as an unavoidable transaction friction. The vision proposed by ETHGas is to make Gas "invisible." Can you paint a picture of what this "Gasless future" looks like? Why is achieving this vision crucial for the next wave of mass adoption of Ethereum?
ETHGas: Of course. What we mean by "Gasless future" is actually a return to a daily, seamless experience.
Imagine going to your favorite coffee shop to buy a latte. You wouldn’t be asked to pay an uncertain "electricity fee" on top of your bill, and the price of coffee wouldn’t change every second based on the busyness of the power grid. You only care about the price and taste of the coffee itself because the coffee shop owner has already handled the electricity costs as part of their operating expenses.
But on today’s Ethereum, every transaction feels like paying this unstable "electricity fee"—the Gas fee. It’s confusing, full of uncertainty, and is the "last mile" hindering Web3 from going mainstream.
By making Gas "invisible," we are dismantling this barrier, allowing Ethereum to truly achieve widespread adoption and paving the way for the next billion users.
PANews: The solution from ETHGas is quite unique. You didn’t just choose to lower Gas fees; instead, you innovatively built a financial market for "block space." Can you explain in simple terms how this transforms the abstract concept of "block space" into standardized assets that can be traded like stocks and options?
ETHGas: Our core mission is to transform a chaotic, unpredictable market into a structured financial market. You can think of it this way: before ETHGas, purchasing block space was like shopping in a crowded, disordered street market—you never knew the real price and were uncertain if you could get what you needed.
ETHGas has created a platform akin to the "New York Stock Exchange" for block space. We have developed standardized products, such as "Inclusion Preconfirmations." Now, a protocol can purchase a confirmation to ensure its transaction is included in the next block at a fixed price. In this way, we have transformed block space from an abstract concept into a predictable, tradable, and hedgeable financial asset, greatly enhancing the operational efficiency of on-chain capital.
"Real-time Ethereum": The Era of Millisecond Settlements
PANews: You proposed the concept of "Real-time Ethereum," claiming it can achieve millisecond-level transaction settlements. How is this specifically realized? What unimaginable possibilities will this extreme speed and certainty unlock for traders and developers?
ETHGas: "Real-time Ethereum" is a direct result of our block space market. Because builders and protocols can now pre-purchase on-chain confirmations for future blocks before they are produced, they can operate with absolute certainty. They know exactly when their transactions will be successfully included on-chain.
This unlocks many possibilities that were previously unattainable due to network latency. For high-frequency traders, it provides a decisive competitive advantage. For project teams, it means they can build applications with instant settlements—complex applications that were previously impossible due to network delays and congestion will now become feasible, making the experience truly "instant."
Ecological Flywheel: "Open Gas Initiative" and Win-Win for All
PANews: To promote the "Gasless future," you initiated the "Open Gas Initiative." Can you reveal which leading protocols are currently collaborating with ETHGas? How will you work together to create a Gas-free experience for end users?
ETHGas: The "Open Gas Initiative" is our alliance aimed at building a more user-friendly and engaging Web3. We are honored to announce that industry leaders such as ether.fi, EigenLayer, and Pendle have become our first founding partners, with more partners to be announced in the future.
Our collaboration model is very straightforward: through our platform, they can sponsor Gas fees for users' transactions. For example, a user staking on a protocol platform has the protocol cover the Gas costs, and then the user can directly receive this rebate from ETHGas's dashboard. We transform the project's cost center—Gas fees—into their most powerful user acquisition and retention tool.
PANews: This sounds like a powerful growth loop: validators provide block space, attracting protocols to join, and protocols bring in a massive user base. So, how do you incentivize validators and staking operators to join the network and provide "fuel" for the entire ecosystem?
ETHGas: You hit the nail on the head; this is indeed the core engine of our growth flywheel. Our incentive logic for validators is both simple and direct: to bring them market-driven, more substantial returns.
Through our block space trading platform, validators are no longer passively receiving unstable MEV income. They can actively package their block space into high-value, programmable financial products for sale, thus opening up a new, stable, and typically higher-yielding source of income.
As the ecosystem develops, stakers and protocols will gradually recognize the existence of this excess return, prompting their staking service providers to connect with ETHGas. We drive growth on the supply side of the entire ecosystem by offering the most competitive staking returns in the market.
Two-Step Strategy: From Gas Rebates to Permanent Cost Hedging
PANews: ETHGas has launched the highly anticipated "Open Gas Initiative," gathering top industry protocols. What role does this initiative play in your "Gasless Future" campaign? Is it a short-term market activity, or is it the first cornerstone laid for a permanent, sustainable "Gasless model"?
ETHGas: This is definitely the starting point for a permanent, sustainable model. The Gasless Future campaign is our entry point for guiding users into the ETHGas ecosystem. It first gamifies the experience, allowing users to intuitively feel the Gas costs and complete market education; secondly, the campaign validates the significant impact of the "Gasless experience" on user engagement for protocols.
This initial phase allows protocols to immediately see the substantial and direct impact of providing a Gasless experience on user retention and engagement, laying the groundwork for the next stage of development.
PANews: So, starting from Gas rebates, what’s the next step? How will you help protocol partners transition from "subsidizing Gas" to a more mature model?
ETHGas: This is indeed the key to achieving long-term sustainability. Gas rebates are just the first phase. As our block space financial market matures, we will introduce more complex tools for our partners. This includes products like "Base Fee Futures," which allow protocols to hedge against Gas price volatility.
They will no longer passively pay Gas fees but can actively lock in Gas costs for the next month or quarter, just like airlines hedge their fuel costs. This will transform Gas from an unstable operational expense into a predictable, manageable budget item, enabling true long-term financial planning and a permanent Gas-free user experience.
PANews: Looking ahead, what are the next key milestones for ETHGas? Do you have any specific advice for those eager to join this transformation and co-build the ecosystem?
ETHGas: Our blueprint is gradually becoming a reality. Recently, we launched the second chapter of the "Gasless Future" campaign, officially introducing the long-awaited Gas Report Card to the community.
This is not just a functional update; it is our commitment to the future. And this future requires all of us to build together. Whether you are a user, developer, or validator, you all play an indispensable role:
To the vast user base, I want to say: Please actively participate in the "Gasless Future" campaign! This is not just about checking your Gas report and receiving a rebate; it is your way of voting for a future Ethereum that benefits everyone. Your voice and choices are the fundamental driving force behind this transformation.
To developers and protocols: This is a great opportunity to turn user experience from a "pain point" into a "highlight." We sincerely invite you to join the "Open Gas Initiative" so that we can leave the complex Gas issues behind and bring the smoothest, most seamless experience to your users, making it your unique core competitiveness.
To validators: We invite you to connect with the highest-yielding, most predictable value network on Ethereum. Please contact us to explore how to unlock unprecedented value from your block space.
The "Gasless future" is not a distant dream but a project and community challenge we are tackling together. Follow us on X at @ETHGasOfficial and join us in building the future.
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