Ethereum blockspace is becoming a tradable asset. @ETHGasOfficial has raised $12 million in a token round, following a roughly $5 million pre-seed in 2024 that was also token-based, to launch what it calls Ethereum’s first blockspace futures market. The launch is backed by about $800 million in blockspace commitments from validators and block builders. Founder Kevin @lepsoe says ETHGas creates two competing paths. Traditional MEV players can pay more to secure blockspace, lifting validator yields, or Ethereum can shift toward real-time sequencing that removes MEV and redirects value to applications and users. The timing is notable. Just days ago, Ethereum co-founder @VitalikButerin publicly called for a trustless onchain gas futures market, the problem ETHGas is aiming to address.