Ethereum (ETH) co-founder Vitalik Buterin has argued for the development of a reliable on-chain gas (transaction fee) futures market to reduce future uncertainty in network fees.
According to Buterin, although current transaction fees are low, users do not have a clear understanding of how fees will change over the next two years. Therefore, the market needs new mechanisms to generate expectations for future gas prices.
Buterin explained that such a futures market could function like a prediction market built on BASEFEE, allowing users to more transparently see market signals about future gas prices and protect themselves from potential price increases. This structure effectively allows users to purchase the amount of gas they need within a certain period of time “upfront.”
Vitalik Buterin also mentioned that there are startups already working in this field, citing the Oiler project as an example. However, Buterin argued that the ecosystem is not yet mature, and said the development and widespread adoption of such solutions would provide significant security and predictability to Ethereum users.
*This is not investment advice.
