Ether staking surges as the waiting list climbs to 1.3 million ETH.

crypthub

1 day ago

Validator Exit Queue

The exit queue has collapsed to about 32 ETH, with a roughly one‑minute wait. This is a near‑100% drop from the September peak of 2.67 million ETH. With almost no backlog, immediate selling pressure from validators has faded. Validators still earn rewards while exiting, but the bottleneck that once slowed exits is gone.

Staking Entry Surge

The entry queue now holds around 1.3 million ETH, the highest since mid‑November. Large operators like BitMine have added tens of thousands of ETH, bringing its total staked amount to over 650 k ETH (~$2.1 bn). BitMine’s overall holdings represent about 3.4% of total ETH supply, injecting real demand into staking and deterring exits.

Exchange Balances and Liquidity

ETH reserves on exchanges are at multi‑year lows, limiting the pool of coins available for rapid selling. Analysts link this scarcity to the easing of selling pressure, though derivatives and off‑exchange trades can still move the market. The near‑empty exit queue reinforces the view that staking outpaces withdrawals.

Market‑Cap Milestone

Ethereum recently overtook Netflix to become the 36th‑largest asset by market capitalization. While the ranking boost highlights renewed investor interest, it does not alone justify buying. Valuation shifts often reflect price dynamics driven by flows, news, or macro factors rather than fundamental changes.

Ether staking surges as the waiting list climbs to 1.3 million ETH.

Validator Exit Queue

Staking Entry Surge

Exchange Balances and Liquidity

Market‑Cap Milestone

Ether staking surges as the waiting list climbs to 1.3 million ETH.