Binance News
--
The scale of Ethereum validators exiting the queue reaches 519,000 ETH, setting a new high for 2024
According to PANews, the scale of Ethereum validators exiting the queue is approximately 519,000 ETH, worth about $1.9 billion, reaching a new high since January 2024, with the current exit waiting time exceeding 9 days. Analysis indicates that this is related to stakers taking profits after the price of ETH rose 160% since the low in April.
Despite the exit wave, the demand for Ethereum staking remains strong, with currently 357,000 ETH waiting to enter the staking queue, and a waiting time of over 6 days. Part of the reason is the increased holdings by companies like SharpLink Gaming, as well as the increased institutional participation after the SEC clarified that staking does not violate securities laws. Since late May, the number of active validators has increased by 54,000, reaching a historical peak of 1.1 million.
Despite the exit wave, the demand for Ethereum staking remains strong, with currently 357,000 ETH waiting to enter the staking queue, and a waiting time of over 6 days. Part of the reason is the increased holdings by companies like SharpLink Gaming, as well as the increased institutional participation after the SEC clarified that staking does not violate securities laws. Since late May, the number of active validators has increased by 54,000, reaching a historical peak of 1.1 million.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.