EthGas Says It Boosted Ethereum Speed 100-Fold, Signs $3 Billion Ether.fi Partnership

Ethereum infrastructure company EthGas said it has dramatically improved Ethereum’s performance and secured a large-scale investment partnership as it pushes to upgrade the blockchain’s ecosystem.

At the ETHCapital Summit hosted by EthGas at Raum Art Center in Seoul’s Gangnam district on May 15, Chief Executive Officer Kevin Lapso said the company had reduced Ethereum’s block creation time to about 50 milliseconds from 12 seconds.

That makes Ethereum more than 100 times faster than before, Lapso said. He added that the speed is about eight times faster than Solana and outperforms most existing Layer 2 solutions.

The company also said it significantly strengthened network security. Lapso said EthGas can fundamentally block maximal extractable value, or MEV, a chronic problem in open networks, preventing malicious node operators from manipulating transaction order for front-running. That could raise returns for staking and yield-product participants by more than 2 percentage points over the long term, he said.

EthGas also announced a partnership with restaking protocol ether.fi. Lapso said Ethereum’s ecosystem is too vast to build alone and that strong partnerships are essential. He announced a strategic partnership with ether.fi valued at $3 billion.

Ko Seong-yun, ether.fi’s vice president of engineering, said the company has supported Ethereum infrastructure with the goal of building a non-custodial on-chain banking service. Through the partnership with EthGas, he said, ether.fi aims to push Ethereum’s limits to the next level.

ether.fi will delegate $3 billion of assets to EthGas’s marketplace to support real-time Ethereum, high throughput and low latency. Lapso called the partnership a symbolic combination of major capital and Ethereum technology, and said the company would step up efforts to build a high-performance network capable of handling more transactions on real-time Ethereum.