Ethereum block space is increasingly becoming a tradable asset. After raising approximately $5 million in a seed round (also in token form) in 2024, @ETHGasOfficial raised another $12 million in a token round to launch what it calls Ethereum's first block space futures market. This launch was backed by approximately $800 million in block space commitments from validators and block creators. Founder Kevin @lepsoe stated that ETHGas opens up two competing paths. Traditional MEV participants can pay higher fees to acquire block space, thus increasing validator rewards; alternatively, Ethereum can shift to live ordering, canceling MEVs and redistributing value to applications and users. The timing is noteworthy. Just days ago, Ethereum co-founder @VitalikButerin publicly called for the establishment of a trustless on-chain gas futures market, precisely the problem ETHGas aims to solve.