The queue for participating in ETH Staking has surged to its highest level in two years as institutions accumulate

On Tuesday, the queue for participating in Ethereum Staking reached its highest level since September 2023, with on-chain data showing that 860,369 ETH, worth approximately $3.7 billion, is waiting to be staked.

The Everstake Staking protocol stated: "To be honest, this is quite impressive, as we haven't seen a queue this large since 2023 when the Shanghai Upgrade allowed withdrawals."