CoinVoice has learned that, according to Decrypt reports, as large investors such as corporations and exchanges choose to stake Ethereum to earn yields rather than sell during market rebounds, the number of Ethereum validators entering the queue has surged to approximately 3.4 million ETH, forming one of the longest staking queue records since the network shifted to PoS, with an estimated wait time of about 60 days.

This number has increased significantly from around 900k ETH in early January, indicating that major market participants are opting to lock up supply to generate returns.

Industry feedback shows that current demand is primarily driven by large enterprises and exchanges seeking to earn yields on idle crypto assets. Analysts suggest that narratives around Ethereum's potential in payment infrastructure and AI-related applications may also be fueling this demand.