ETHGas 

GWEI Price

What is the ETHGas (GWEI) token?

ETHGas is an infrastructure protocol that turns Ethereum's transaction layer into a real-time marketplace for blockspace, letting users lock in or trade future gas costs as a hedge against fee volatility. The GWEI token is the protocol's governance asset — an ERC-20 on Ethereum with a mirrored BSC version — which launched at TGE on January 21, 2026 via Binance. Founder Kevin Lepsoe previously headed Morgan Stanley's structured derivatives business in Asia.

Is GWEI the same as gwei, the Ethereum gas fee unit?

No — GWEI and gwei are different things. Gwei (lowercase) is a denomination of ETH: one gwei equals 0.000000001 ETH, and it prices Ethereum transaction fees. GWEI (uppercase) is the ticker of the ETHGas protocol's governance token, a separate ERC-20 asset on Ethereum. Search results that mix the two are the main disambiguation trap around this asset.

How does the ETHGas gas futures protocol work?

ETHGas issues each participant a Gas ID — an on-chain identity tied to gas spending. Gas consumers and builders use the Gas ID to lock in future gas prices or trade blockspace commitments, creating a gas futures market for Ethereum fee volatility. The protocol positions this as settlement infrastructure for a "Real-Time Ethereum" and cites Vitalik Buterin's call for an on-chain gas futures market as design precedent.

Is GWEI a utility token or a governance token?

Per official ETHGas documentation, GWEI is a governance token only — not a utility token. The token confers no equity, no profit rights, and no guaranteed rewards. Staking GWEI mints vote-escrow veGWEI, with longer locks and larger stakes amplifying voting weight over proposals, delegation ("liquid democracy"), and treasury stewardship. Demand rests on governance participation rather than protocol fee capture.

Who backed the ETHGas seed round and how much did it raise?

ETHGas raised $12 million in a seed round led by Polychain Capital, dated December 17, 2025 per DropsTab fundraising data. Other recorded investors include Susquehanna International Group (SIG), Amber Group, Tokka Labs, BlueYard, Stake Capital, Keyrock, Node.Capital, and BTCS. The December 2025 announcement also cited US$800 million of commitments from Ethereum builders alongside the round. Fundraising beyond the seed round is not publicly disclosed.

What is GWEI's total supply and tokenomics?

GWEI has a fixed maximum supply of 10,000,000,000 tokens, equal to its total supply. Per DropsTab vesting data, allocations break down as Ecosystem 31%, Investors 27%, Team 22%, Community 10%, Foundation 8%, and Advisors 2%. Team, Investor, and Advisor allocations together control 51% of supply — a significant insider concentration. Official documentation describes a roughly 10-year emission horizon for ecosystem growth.

When do GWEI tokens unlock?

Per DropsTab vesting data, the GWEI calendar schedules 246 unlock events anchored to the January 21, 2026 TGE. The Foundation's full 8% (800 million GWEI) unlocked at TGE. Ecosystem and Community allocations stream monthly at roughly 25.6 million and 20.4 million GWEI. Advisors, Team, and Investors carry a 12-month cliff, with first unlocks on January 21, 2027 followed by monthly linear emission through late 2028.

What does the January 2027 vesting cliff mean for GWEI holders?

The January 21, 2027 cliff concentrates sell pressure. On that date, Investors unlock 270 million GWEI, Team 220 million, and Advisors 20 million — each 10% of its tranche — and monthly insider emission of roughly 191 million GWEI then stacks on top of the standing ecosystem and community streams. This date marks the key supply-curve inflection for GWEI.

How did the ETHGas Genesis Harvest airdrop work?

The Genesis Harvest airdrop rewarded historical Ethereum mainnet gas spend and completed quests, measured at a snapshot on January 19, 2026 at 00:00 UTC. Distribution opened at TGE on January 21, 2026, and the claim window expired June 21, 2026. Quest activity after the snapshot did not count toward Season 1. Airdropped tokens were auto-staked for 30 days at launch. An earlier Bonus Beans point-farming campaign ran from September 11, 2025 and has ended.

Where can I buy GWEI tokens?

GWEI trades spot on Gate, Bitget, KuCoin, BingX, MEXC, Upbit, CEX.IO, and Kraken (GWEI/USD for fiat on-ramps). On-chain liquidity sits on Uniswap v3 (GWEI/USDT, GWEI/WETH) and Uniswap V4 on Ethereum. Perpetual futures trade on Binance Futures, Bybit, Gate.io, MEXC, KuCoin, and Bitunix. Liquidity spread across major centralized venues and Uniswap keeps venue risk low relative to DEX-only tokens.