News Update:
With growing institutional confidence in #Ethereum , more participants appear ready to invest capital for longer durations to aid in securing the network while generating yields.
The #Ethereum validator queue has continued to grow, with about 1.5 million $ETH
still pending entry into the staking system, and 2.45 million ETH in the exit queue as validators withdraw. The queue system acts to rate-limit and smooth out network use.
Ethereum performs activations and exits of validators at a constant rate every epoch-approximately 6.4 minutes-to avoid sharp shocks to the security configuration of the network due to too many entries or exits at any one time.
Validators must take their turn in a queue, with current entry times standing at several days, given the backlog; exits face similar delays while the network works its way through the withdrawal requests in a systematic manner.
With increased institutional confidence in #Ethereum✅ , more participants appear willing to lock up capital for longer to help secure the network while earning yield. The increasing queue of those looking to enter suggests a growing conviction that Ethereum will remain the dominant smart contract platform and the opportunity cost of locked capital low enough for yield seekers.
