Ethereum PoS Network Faces Surge in Exit & Entry Queues

The Ethereum Proof-of-Stake (PoS) network is experiencing a rise in both exit and entry queues as illustrated by data from Blockbeats and validatorqueue. The current exit queue currently stands at 1,075,268 ETH, valued at roughly $4.95 billion, with withdrawal delays extending up to 18 days and 16 hours. Simultaneously, the queue for new ETH deposits has risen to approximately 738,733 ETH, worth about $3.4 billion, with an entry queue wait time of 12 days and 20 hours. This situation reflects a balancing act between market forces.