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Analysis: Ethereum Staking Queue Surges to Highest Level in Two Years Driven by Institutional Buying
Summary: According to Cointelegraph, the amount of Ethereum waiting to be staked has surged to the highest level since 2023, as institutional traders and crypto savings companies seek rewards for their holdings. On Tuesday, the Ethereum staking queue reached its highest level since September 2023, with 860,369 ETH (worth around $3.7 billion) waiting to be staked. ...
According to Cointelegraph, the amount of Ethereum waiting to be staked has surged to the highest level since 2023, as institutional traders and crypto savings companies seek rewards for their holdings.
On Tuesday, the Ethereum staking queue reached its highest level since September 2023, with 860,369 ETH (worth around $3.7 billion) waiting to be staked. After the staking exit queue hit a record high of just over 1 million ETH, the entry and exit queues almost balanced for the first time, with the exit queue subsequently dropping by 20%, indicating a slowdown in Ethereum unstaking. Data from Ultrasound.Money shows that 35.7 million ETH has been staked on the blockchain, worth around $162 billion, accounting for 31% of the total supply.
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Link: Analysis: Ethereum Staking Queue Surges to Highest Level in Two Years Driven by Institutional Buying [Copy]
