According to the latest snapshot from January 19th, $GWEI ticker has officially been confirmed, marking a significant milestone for the project. The initiative has secured over $12 million in funding, signaling strong market confidence in its vision.

The team is building a new marketplace and infrastructure layer designed specifically for Ethereum's blockspace and gas market. This approach addresses a critical need in the ecosystem by creating dedicated mechanisms to optimize how gas is allocated and traded across the network.

The project's momentum reflects growing interest in solving Ethereum's efficiency challenges through innovative market design rather than traditional scaling solutions alone.