Opportunities and Considerations of Ethereum’s Blockspace Future

Developers are exploring the potential benefits of introducing derivative markets to Ethereum's gas market. Derivatives, which have strengthened spot markets in the past, could improve user and developer experiences by providing a fixed price for gas and enhance price discovery efficiency for the Ethereum blockspace.

However, several factors, such as regulatory/legal, market, and protocol-specific considerations, need to be taken into account to put this into practice. While the timeline for this market's development is uncertain, ongoing consolidation of gas buyers, the availability of hedging products, and an increase in stakeholder sophistication could serve as a driving force to make it happen.