I just noticed something interesting in the Ethereum validator data. The ETH queue to join the PoS network keeps growing and has already surpassed 3.3 million coins, reaching an all-time high. With the current price, we're talking about nearly $10 billion worth of ETH waiting to enter.



What stands out is that this increase in the validator queue mainly comes from large institutions. BitMine and other companies have been depositing massive amounts of ETH into staking recently. The wait time for these validators to activate is around 57 days, so there's quite a backlog.

Meanwhile, those wanting to exit the PoS network are hardly moving. Only 832 ETH left during this period, with an average wait time of just 21 minutes. The difference is stark: entry is clogged, exit is almost frictionless. This clearly shows that demand for staking remains very strong, even as the ETH queue continues to grow.
ETH-3.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin