Gate News Bot Update, February 28: According to CoinMarketCap data, at press time, GWEI (ETHGas) is priced at $0.05, up 34.66% in the past 24 hours. The highest reached $0.05, and the lowest dropped to $0.03. The current market cap is approximately $83.2 million, an increase of $21.4 million from yesterday.
ETHGas is a platform aimed at transforming Ethereum block space into tradable commodities by breaking down block space into atomic components, supporting instant settlement and Ethereum’s largest gas rebate program. Its mission is to develop Ethereum into a real-time network, eliminate gas fees, promote institutional adoption, and enable on-chain applications for the next billion users. The platform facilitates direct purchase of block space and pre-confirmations from validators through a block space trading marketplace, granting serialized rights for fast transactions. Additionally, ETHGas offers gas rebates through the “Open Gas” program for protocols seeking incentives for specific transaction types. The platform has completed a security audit by Sigma Prime and is supported by well-known investment firms and validator nodes including Polychain Capital, Stake Capital, and Quantstamp.
Recent Key Updates on GWEI:
1️⃣ GWEI Token Launches Governance Mechanism
ETHGas has launched the GWEI token for on-chain execution and governance of Ethereum block space, marking its evolution from a functional tool to a full ecosystem. The token enables community participation in governance and lays the foundation for predictable platform execution. This milestone has attracted market attention and enthusiasm.
2️⃣ Innovative Block Space Trading Model Gains Institutional Recognition
Through the “Open Gas” plan and the block space trading marketplace, the platform addresses Ethereum gas fee issues. It has gained support from prominent investors like Polychain Capital, Stake Capital, and Quantstamp. Their participation validates the platform’s feasibility and market value, boosting investor confidence in GWEI.
3️⃣ Security Audit Completed to Strengthen User Confidence
The platform has completed a security audit by industry-recognized Sigma Prime, providing technical risk assurance for token holders and traders. This certification alleviates some user concerns and supports recent price increases.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Social Buzz: Bitcoin, Ethereum, and Emerging Coins Lead Discussion
Bitcoin hits 20M mined coins, fueling debates on supply, institutional buys, and market control.
Zcash seed round and privacy tech drive social buzz, while Tether gains attention via USAT launch.
Ethereum staking, Dogecoin rumors, and TRON AI partnerships dominate crypto social
CryptoFrontNews1h ago
BTC breaks through $71,000, with an intraday increase of 1.09%
Gate News Report, March 11, BTC breaks through $71,000, with a daily increase of 1.09%.
GateNews6h ago
U.S. stocks extend losses during the trading session, with all crypto-related stocks turning lower
On March 11, the US stock market overall declined, with the Dow Jones Industrial Average down 1.00%, the Nasdaq down 0.2%, and the S&P 500 index down 0.4%. Crypto-related stocks all turned lower, with several companies' stock prices dropping significantly.
GateNews7h ago
Today’s top 100 tokens by market cap gainers and losers: ICP up 7.60%, NIGHT down 14.23%
On March 11, among the top 100 cryptocurrencies by market capitalization, Internet Computer had the largest increase, rising by 7.60%; while Midnight experienced the largest decline, dropping by 14.23%. The other top five gainers included Humanity Protocol, Artificial Superintelligence Alliance, Hyperliquid, and JUST, while the top five losers were Kite, Dogecoin, Zcash, and Jupiter.
GateNews7h ago
Backpack is scheduled for around March 23rd TGE, the exact date will be announced tomorrow.
Backpack CEO Armani Ferrante announced during a Twitch live stream on March 11 that the token TGE is expected around March 23, with the exact date to be announced on March 12. Polymarket data shows a 100% probability that Backpack TGE will occur before the end of December and a 93% probability before the end of March.
GateNews8h ago
Binance Founder CZ Dismisses $110B Net Worth Estimate in Forbes Ranking
Binance founder Changpeng ‘CZ’ Zhao has dismissed the Forbes Billionaires List, which put his net worth at $110 billion, pointing to a steep drop in crypto prices.
Forbes ranked CZ higher than Michael Bloomberg, Microsoft founder Bill Gates and India’s richest man, Mukesh Ambani.
Binance fou
CryptoNewsFlash8h ago
