GWEI (ETHGas) increased by 15.91% in the past 24 hours

Gate News Bot Message, February 4th, according to CoinMarketCap data, as of press time, GWEI (ETHGas) is currently priced at $0.03, up 15.91% in the past 24 hours, with a high of $0.05 and a low of $0.02. The current market capitalization is approximately $53.2 million, an increase of $7.3 million from yesterday.

ETHGas is a new type of Ethereum block space trading platform dedicated to transforming Ethereum block space into tradable commodities. By breaking down Ethereum block space into atomic parts, ETHGas unlocks instant settlement and supports the largest gas rebate program in Ethereum history.

ETHGas’s vision is to evolve Ethereum into a real-time network, where users will be able to experience zero gas fees and millisecond-level instant settlement within the Ethereum ecosystem. Additionally, validators and stakers will have opportunities for extra earnings.

Through its primary and secondary markets, participants can directly purchase block space and pre-confirmations from validators. When purchasing block space in bulk, they can obtain ordering rights to ensure fast transactions for themselves and their users. Gas rebates are funded by protocols seeking to incentivize specific transaction types on their applications.

Currently, ETHGas has received support from well-known investment institutions including AquaNow, Stake Capital, Keyrock, Polychain Capital, among others, and has undergone a security audit by Sigma Prime. The platform has attracted over 283,000 users, generated 125,369 gas reports, with total gas consumption reaching $788 million (about 2.7 million ETH).

Important Recent News about GWEI:

1️⃣ Token Launch and Airdrop Staking Mechanism Drive Liquidity Locking The GWEI token has officially launched and airdrop tokens are now available for query. The design of automatically staking airdropped tokens for 30 days creates a liquidity lock effect. This mechanism provides holding rewards for early participants, effectively supporting the token price’s continuous upward trend. From a 50.96% increase on January 29 to the current ongoing rise, this staking incentive continues to attract investors.

2️⃣ Gate Derivatives Trading System Fully Launched to Boost Market Depth On January 21, Gate launched GWEI perpetual contract trading, supporting USDT settlement and 1-20x leverage options, along with the launch of Gate Perp DEX trading pairs. Within an hour of the perpetual contracts going live, copy trading and trading bot services were enabled. Coupled with new features like unified account lending, isolated margin trading, and coin savings financial products, these tools offer investors multiple trading strategies, significantly expanding market participation and trading depth. The release of these supporting tools has notably enhanced trading liquidity.

3️⃣ Spot Trading Tools Improved to Lower Participation Barriers After GWEI spot trading went live, within an hour, flash swap and dollar-cost averaging features were introduced. Users can flexibly exchange GWEI for USDT or other supported tokens, with multiple DCA cycle options such as hourly or daily. The introduction of these tools greatly reduces participation barriers, helping to expand trading volume and capital inflow, contributing to the market cap’s gradual accumulation of momentum from $73.1 million on January 29 to the current range of $53.2 million.

This message is not investment advice. Please be aware of market volatility risks when investing.