Over $4.6 Billion Worth of ETH Awaiting Unstaking: Driving Forces Explained

Ethereum’s recent surge in value has left over $4.6 billion worth of Ether (ETH) waiting to be unstaked on the network, increasing wait times for withdrawals to 17 days and 13 hours. This massive influx of ETH unstaking follows a trend of withdrawal activity observed over the past months. Analysts attribute this surge to expanding DeFi applications and increasing institutional investment in the cryptocurrency.