
Jakarta, Pintu News – Ethereum co-founder Vitalik Buterin is promoting a new mechanism to reduce sudden spikes in transaction fees on the network.
In his latest proposal, he proposes a blockchain-based prediction market that is trustless. The aim is for users to secure future gas prices and better manage volatility, rather than just responding to it after it happens.
On December 6, Vitalik Buterin stated that Ethereum needs market-based signals to predict future demand for block space.
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The proposed structure will allow trading of exposure to the network Base Fee by providing participants with the opportunity to buy or sell gas commitments associated with specific future timeframes.
According to Buterin, the goal is for developers and intensive users to lock in costs and plan usage, even when gas prices are currently low.
This proposal comes at an unusual time, as gas prices are at their lowest in years.
Data from Etherscan shows that the average Ethereum gas price is only about 0.468 Gwei, which is equivalent to three cents on the US dollar. This is because most retail activity on the Ethereum network has moved to cheaper Layer 2 networks like Base and Arbitrum .

However, Buterin argues that the current calm could catch users off guard. He emphasized that the on-chain futures curve will provide a clear signal of market expectations in the long run. This allows users to prepay for block space and lock in fees, regardless of potential price spikes in the future.
“There needs to be a clear signal of expected future gas costs, so that people can hedge against gas prices, and even effectively prepay for a certain amount of gas over a certain period of time,” he explains.
Proponents see Vitalik Buterin’s proposal as an important element that has been underappreciated in Ethereum’s long-term design. They argue that a trustless gas futures market is not just a new innovation in the DeFi world, but a solution to fill a structural void in the ecosystem.
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According to them, the BASEFEE market can align expectations with transparent pricing, and provide a common baseline for future network conditions.
With a liquid gas market, this dynamic can change significantly. For example, developers can purchase “gas insurance” to limit operating costs before a critical event. Large users can also protect themselves from future cost spikes by taking opposing market positions.
“If Ethereum is meant to be thesettlement layer for everything, then gas itself becomes a financial asset. So a trustless gas futures market is no longer just an added feature. It feels like a natural evolution for a blockchain that targets global-scale coordination,” said one analyst.
Meanwhile, an industry advisor from Titan Builder noted that running this mechanism like a classic derivatives market would be difficult, as validators could potentially manipulate results by producing empty blocks.
However, he adds that a block space futures market with real delivery and a liquid secondary market is still possible. Such a structure could be sufficient to support public pricediscovery andhedging functions.
Ethereum (ETH) is a blockchain platform that allows developers to create and run decentralized applications (dApps) and smart contracts.
Vitalik Buterin is the co-founder of Ethereum (ETH), known for his contributions to the development of blockchain technology and decentralized applications.
The aim is to provide a way for developers and heavy users to lock in costs and plan ahead despite low spot gas prices, as well as manage gas price volatility.
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