Vitalik: In Need of a Trustless and Reliable On-Chain Gas Futures Market

BlockBeats News, December 6th, Ethereum founder Vitalik stated that we need a reliable trustless on-chain Gas futures market (similar to a prediction market for BASEFEE). Although Gas fees are currently low, many are concerned about the fee trend in the coming years, questioning whether measures such as increasing the Gas limit, BAL, ePBS, and upcoming ZK-EVM can sustain low fees.

Vitalik believes that an on-chain gas futures market can help address this issue: users can clearly understand others' expectations for future Gas fees and even hedge against future Gas prices by effectively prepaying for a specific amount of Gas fees within a specific time frame.