# ETHGas (GWEI): D-Score 21/100 — Centralized Leaning

**BlockIndex D-Score: 21/100 (Centralized Leaning).** ETHGas (GWEI) is a Layer 2 cryptocurrency using Other consensus. ETHGas: Ethereum governance token powering realtime blockspace markets, gas abstraction, veGWEI voting, and staking participation.

_Source: https://blockindex.ai/coin/gwei · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 21 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 16 |
| Age and history | 5 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Airdrop (2026)
- Founder: Kevin Lepsoe
- VC funded: Yes
- Max supply: 10,000,000,000
- Circulating: 1,750,000,000 (17.5%)

## Market data (as of 2026-06-19)
- Price: $0.11
- Market cap: $185.07M
- 24h volume: $71.34M
- 24h change: -5.18% · 7d change: -39.38%

## About
ETHGas is an Ethereum infrastructure project with GWEI as its governance and staking token. The project focuses on realtime Ethereum execution, gas abstraction, blockspace commoditization, and validator market design. GWEI launched through a Token Generation Event on January 21, 2026, with community claim and staking mechanics. Kevin Lepsoe is identified as the initiator of ETHGas, and the ETHGas Foundation is referenced as the stewarding organization. GWEI is best classified as a token rather than an independent blockchain because it is an ERC-20 asset on Ethereum Mainnet, with BNB Smart Chain support also referenced in the source data.

The core design centers on veGWEI, a vote-escrow governance representation obtained by staking GWEI. veGWEI is described as non-transferable and gives holders proposal, voting, delegation, and treasury-stewardship rights. Governance power scales with the amount staked and lock duration, aligning longer-term participants with protocol decisions. ETHGas documentation emphasizes that GWEI is governance-only and does not represent equity, ownership, dividends, revenue rights, or guaranteed economic returns. Technical features mentioned in the source include delegation or liquid-democracy style governance, commitment-based weighting, emergency and upgrade authority, weekly staking rewards, Auto-Claim & Stake, BSC-to-Ethereum bridging for staking, and a staking-contract audit by Sigma Prime.

The protocol's broader product surface targets Ethereum users, validators, block builders, and searchers through blockspace markets, pre-confirmations, predictable execution, and gasless or lower-friction user experiences. Public resources include an official ETHGas trading app, gas explorer, developer documentation, support documentation, GitHub profile, Etherscan contract tracking, and market-data coverage through CoinMarketCap, CoinGecko, and CryptoCompare. The provided event timeline states that ETHGas launched on Ethereum mainnet in 2025 and that by late 2025 it routed a low single-digit percentage of Ethereum blockspace through its pipeline with participation from multiple validator and infrastructure providers.

GWEI has a fixed maximum supply of 10,000,000,000 tokens. The reviewed tokenomics describe a fully allocated token model rather than mining, with allocations including investors, team, ecosystem, community, foundation, and advisors. CoinGecko reported 2,100,000,000 circulating GWEI, equal to 21% of max supply, while CoinMarketCap showed an older or alternate snapshot of 1,750,000,000 GWEI. Vesting terms include long-horizon ecosystem unlocks, investor and team cliffs followed by linear vesting, community vesting, and foundation day-one unlocks. Market data in the provided summary showed price around $0.1001, market capitalization near $209.9 million, all-time high around $0.1617 on May 15, 2026, and 24-hour volume around $3.64 million.

Governance is foundation-led but includes on-chain veGWEI voting for proposals, delegation, treasury allocation, ecosystem initiatives, developer grants, protocol parameters, partnerships, and upgrade or emergency actions. No named CEO was found, but the ETHGas Foundation and a dedicated development company were referenced. VC or investor funding is indicated by a reported $12 million raise and a 27% investor allocation. No GWEI-specific hacks, exploits, chain freezes, or network halts were documented in the reviewed data. Because GWEI is not an independent blockchain, native node count, mining algorithm, block count, blockchain size, and block reward metrics are not applicable to the token itself.

## Links
- Website: https://www.ethgas.com/
- Whitepaper: N/A
- GitHub: https://github.com/ethgas-developer

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore