Odaily Planet Daily News: As institutional traders and cryptocurrency savings companies hope to obtain rewards for their holdings, the amount of Ethereum waiting to be staked has surged to its highest level since 2023. On Tuesday, the Ethereum staking queue reached its highest level since September 2023, with on-chain data showing that 860,369 Ethereum (worth about $3.7 billion) was waiting to be staked.

After the staking exit queue hit a record high of just over 1 million ETH on August 29th, the entry and exit queues nearly reached equilibrium for the first time. Subsequently, the exit queue declined by 20%, indicating a slowdown in the rate of unstacking on Ethereum. Data from Ultrasound.Money shows that 35.7 million ETH, valued at approximately $162 billion, has been staked on the blockchain, representing 31% of the total supply. (Cointelegraph)