Ethereum Staking Queue Hits Record High Since Transition to PoS, Approximately 3.4 Million ETH Awaiting Entry

Odaily News Data shows that approximately 3.4 million ETH is currently awaiting entry into the validator set, forming one of the longest staking queues since the network transitioned to PoS, with an estimated waiting time of up to 60 days. This figure has increased significantly from around 904,000 ETH at the beginning of January. Analysts stated that the recent substantial growth in the Ethereum validator queue indicates that large investors, institutions, and cryptocurrency exchanges are more inclined to stake their ETH holdings rather than sell them amid recent market conditions. Narratives surrounding Ethereum's potential in payment infrastructure and AI-related applications may also be driving this demand. (Decrypt)