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Just checked the validator data, and it's crazy – the queue on Ethereum has exploded. Currently, about 3.4 million ETH are waiting to join the validator set. This is one of the longest queues since switching to PoS, and the wait times are expected to reach up to 60 days.
For comparison: at the beginning of the year, there were just under 904,000 ETH in the queue. That's a massive jump in a short period. Many suspect that the narrative around Ethereum in payments and AI is driving people to stake — meaning more interest in the rewards.
Staking seems to be becoming more and more attractive. But with such long wait times, that could change again if the rewards decrease. It's interesting to watch how this develops.