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
Tokenized platform xStocks brings new private shares fund on-chain
xStocks and Fundrise are launching the onchain Fundrise Innovation Fund, enabling access to late-stage private tech companies. Despite initial trading success, the fund faces scrutiny from regulators and a critical report, leading to a significant stock price drop.
Cointelegraph3h ago
Important Binance Update Concerning Ripple (XRP) and Other Altcoin Traders: Details
The world’s leading cryptocurrency exchange is set to delist certain trading pairs this week.
Some of the digital assets that will be affected by the initiative include Ripple (XRP), Bitcoin Cash (BCH), and Avalanche (AVAX).
The Upcoming Amendment
----------------------
Binance will remove the
CryptoPotato3h ago
Worldcoin Raises $65M via WLD OTC Sale
World Foundation closed a $65M OTC sale of WLD tokens, including a $25M lockup portion. The funds will support R&D and orb manufacturing, but raised questions about market impact and transparency following a contentious post regarding token pricing.
LiveBTCNews5h ago
Toobit Announces $200K TradFi Campaign Featuring 0.01% Maker Fees and Loss Protection
Toobit, the popular and award-winning international cryptocurrency exchange, announced a 200,000 USDT campaign, which will be focused on its integrated TradFi markets.
The move follows a recent expansion of the firm’s TradFi offerings, which enabled the direct trading of assets such as gold and g
CryptoPotato5h ago
Over the past 24 hours, liquidations across the entire market totaled $98.29 million, with long liquidations accounting for more than 60%
According to CoinGlass data, as of March 29, the cryptocurrency market liquidations over the past 24 hours totaled $98.29 million, including $65.26 million liquidated long positions and $33.04 million liquidated short positions. Liquidation amounts for BTC and ETH were $23.24 million and $24.17 million, respectively, with 60,849 people liquidated. The largest single liquidation was $2.15 million, occurring on the BCHUSDT trading pair.
GateNews8h ago
BTCC TradFi Hits $200M Volume and Celebrates with Zero-Fee Campaign on Gold and Silver
BTCC announced its TradFi product surpassed $200 million in trading volume since launch. To celebrate, it introduces a zero-fee trading campaign for XAU and XAG pairs, allowing users to earn up to 10 grams of gold. The campaign runs from March 5 to 19, 2026.
CryptoPotato8h ago
