1. Record high in deposits:
- The value of Ethereum in the validator queue has exceeded $800 million (equivalent to 347,919 ETH), the highest level in a year.
- The estimated waiting time to start earning returns is 6 days.
2. Return of institutional interest:
- Financial institutions (such as Coinbase and Lido) are driving this growth through facilitated deposit services.
- Companies like SharpLink Gaming and BTCS are buying large amounts of ETH for their financial reserves.
- Historically, a long queue indicates market optimism and a potential price increase.
3. Reasons for the boom:
- Attractive returns: Depositing ETH provides annual returns (similar to bonds).
- Shock display: sharp decline in the amount of ETH available on centralized exchanges.
- Network developments: Expectations of new updates that increase network efficiency by 10 times (according to Vitalik Buterin).
4. Effects on ETH price:
- Ethereum is currently trading at $2,637 (+1% in 24 hours).
- Bulls expect a rise to the $3,000 level soon.
Summary:
The Ethereum network is witnessing an unprecedented wave of staking, with $800 million of ETH waiting in the validator queue — the highest in a year. This growth is attributed to:
- Return of institutional interest through platforms like Coinbase.
- The appeal of annual returns and supply scarcity on exchanges.
- Market optimism regarding network developments and price increase towards $3,000, supported by intensive institutional buying.#EthereumNews
