I just reviewed the historical staking data on Ethereum, and it's interesting to see how demand grew a few years ago. In 2023, the staking queue reached a peak of over 3 million ETH, which was worth nearly $9 billion waiting to enter the PoS network. Quite impressive.

The curious thing is that much of that movement came from large institutions. Companies like Ethereum's treasuries and staking-focused institutions accumulated significant positions. It was reported that some institutional operators had huge figures in the staking queue, showing how much interest there is in this space from the corporate side.

The good news is that now the exit queue is almost cleared, so those wanting to withdraw their ETH from staking can do so almost instantly. There used to be a considerable delay, but that has changed. It’s an indicator that staking has stabilized quite a bit since those peaks in 2023.