Ethereum PoS Network Exit Queue Reaches 1,075,000 ETH, While Over 730,000 ETH Wait to Join

BlockBeats News, August 28th, according to the Validator Queue tracking website validatorqueue data, the current Ethereum PoS network exit queue has risen to 1,075,268 ETH, valued at approximately $4.95 billion, and the withdrawal delay has extended to 18 days and 16 hours.

Meanwhile, ETH waiting to join the network is about 738,733 ETH, valued at approximately $3.4 billion, also showing an upward trend, with the admission queue currently waiting for 12 days and 20 hours.

Earlier reports indicate that this situation reflects two opposing forces in the market: on the one hand, some stakers may choose to cash out after Ethereum's significant rise since the April low, leading to a surge in the exit queue; on the other hand, new inflows of funds driven by regulatory optimism and institutional demand are also boosting the entry queue, as seen in publicly traded companies like SharpLink Gaming and BitMine Immersion increasing their ETH holdings and staking.