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The Ethereum PoS network queue is changing: fewer exits, more entries 🔥
There is quite a lot happening with the Ethereum staking queues. For the past nine days, we've seen the exit queue shrinking. 698,120 ETH now ( something like 3 billion dollars ) 📉. Want to withdraw your ETH? Expect about 12 days and some dust.
The entry queue is growing. A lot. 860,782 ETH ( about 3.7 billion ) 📈. For activation? Almost 15 days of waiting.
Funny dance between two opposing forces 🔄. Stakers wanting to take their profits after the rise of Ethereum since April. Normal. And then the newcomers arriving in droves. It seems related to regulatory advantages. Institutional demand too, perhaps 🚀. SharpLink Gaming, BitMine Immersion… These companies are strengthening their positions in ETH and getting into staking.
This queue story is pure FIFO (first in, first out). Typically Ethereum 🌕. Not entirely clear where this is leading us, but the network evolves at the pace of this back and forth.