GWEI (ETHGas) increased by 50.96% in the past 24 hours

Gate News Bot Message, January 29th, according to CoinMarketCap data, as of press time, GWEI (ETHGas) is currently priced at $0.04, up 50.96% in the past 24 hours, reaching a high of $0.05 and a low of $0.02. The 24-hour trading volume is $178 million. The current market capitalization is approximately $73.1 million, an increase of $24.7 million from yesterday.

ETHGas is an innovative project that transforms Ethereum block space into tradable commodities. By decomposing Ethereum block space into its atomic parts, the project unlocks the foundation for instant settlement and the largest-scale gas rebate program on Ethereum.

ETHGas aims to upgrade Ethereum into a real-time network. The project’s vision is to enable end-users to experience gas-free transactions and instant settlement within the Ethereum ecosystem, while providing additional earning opportunities for validators and stakers. Through ETHGas’s primary and secondary markets, participants can directly purchase block space and pre-confirmations from validators. When purchasing block space in bulk, they gain 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. ETHGas enables these key partners to subsidize gas fees for their communities.

The project has been audited for security by Sigma Prime and has locked over $10.0 billion in total value.

Important Recent News about GWEI:

1️⃣ Token Launch and Airdrop Staking Mechanism Drive Liquidity Locking The GWEI token officially launched and the airdrop tokens are now available for query. The design of automatically staking airdrop tokens for 30 days creates a liquidity lock-in effect. This mechanism provides early participants with holding rewards incentives, effectively supporting the token price to continue upward.

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

3️⃣ Spot Trading Tools Improved to Lower Participation Barriers After GWEI spot trading went live, instant swap and dollar-cost averaging (DCA) features were launched within an hour. 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 significantly lowers participation barriers, helping to expand trading volume and capital inflow.

This message does not constitute investment advice. Investors should be aware of market volatility risks.