The number of ETH waiting to exit the Ethereum PoS network has risen to 1.075 million, while over 730,000 ETH are waiting to join.

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On August 28, according to the validator queue tracking website validatorqueue, the current exit queue of the Ethereum PoS network has risen to 1,075,268 ETH, worth approximately $4.95 billion, with withdrawal latency extended to 18 days and 16 hours. Meanwhile, the ETH waiting to join the network is about 738,733, valued at approximately $3.4 billion, also showing a rising trend, with the current waiting time for the admission queue being 12 days and 20 hours. Previous reports indicated that this situation reflects two opposing forces in the market: on one hand, some stakers may choose to lock in profits after Ethereum's significant rise since the low in April, leading to a surge in the exit queue; on the other hand, new deposits driven by favourable regulatory information and institutional demand are also pushing up the entry queue, as listed companies like SharpLink Gaming and BitMine Immersion increase their holdings of ETH and stake.

ETH-3.15%
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