【Blockchain Rhythm】 Recently, there have been interesting changes in the Ethereum staking queue. According to validator queue data, the number of ETH waiting to join the Ethereum PoS network continues to rise, now exceeding 2.17 million, with a corresponding market value of around $6.7 billion. What does this mean? At the current activation rate, new validators will need to wait approximately 37 days to enter.
Who is the main driver behind this upward trend? BitMine has recently made a large-scale staking operation with a significant amount of ETH. On the other hand, the amount of ETH exiting the network is surprisingly small, only over 10,000, with a market value of less than $35 million, and the waiting time is only about 4 hours.
This difference in inflow and outflow reflects the current market enthusiasm for Ethereum staking yields. The frequent entry of institutions and large players has directly increased the pressure on the validator queue.
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gas_fee_trauma
· 8h ago
BitMine, is this a frantic bottom-fishing or genuine belief? The 37-day queue schedule is a bit outrageous, and it seems the staking enthusiasm is a bit over the top.
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MEVSandwichVictim
· 8h ago
37 days in line? That's outrageous. Is BitMine stacking coins or truly believing?
BitMine's move is pretty aggressive. It seems there are quite a few people wanting a piece of the pie.
Staking yields are this competitive now? Institutions are really starting to get involved.
Waiting 37 days to enter... might as well just buy spot instead.
So many people entering, so few leaving. Something's not right.
Is this what they call "institutional confidence"? Looks pretty flimsy.
A $6.7 billion cake is in line, I can only watch and eat popcorn.
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HashRateHustler
· 8h ago
37 days in line? Now that's real chip betting. BitMine's move is a bit fierce.
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WalletDoomsDay
· 8h ago
A $6.7 billion scheme with so many people lining up, what is BitMine betting on?
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rug_connoisseur
· 8h ago
37 days in line? BitMine is trying to block the entire staking market haha
The Ethereum staking queue has surged to 2.17 million ETH. Who is the one scooping up this time?
【Blockchain Rhythm】 Recently, there have been interesting changes in the Ethereum staking queue. According to validator queue data, the number of ETH waiting to join the Ethereum PoS network continues to rise, now exceeding 2.17 million, with a corresponding market value of around $6.7 billion. What does this mean? At the current activation rate, new validators will need to wait approximately 37 days to enter.
Who is the main driver behind this upward trend? BitMine has recently made a large-scale staking operation with a significant amount of ETH. On the other hand, the amount of ETH exiting the network is surprisingly small, only over 10,000, with a market value of less than $35 million, and the waiting time is only about 4 hours.
This difference in inflow and outflow reflects the current market enthusiasm for Ethereum staking yields. The frequent entry of institutions and large players has directly increased the pressure on the validator queue.