Ethereum Staking Queue Reaches $3.7 Billion Milestone

Ethereum’s staking queue has hit a record high, exceeding $3.7 billion, marking its highest level since September 2023. This surge is attributed to increased demand from institutions and crypto-native treasuries seeking long-term staking rewards. The large number of ETH waiting for approval suggests the network’s popularity and security as it allows users to lock up their holdings in exchange for a yield, contributing to Ethereum’s decentralization. 860,369 ETH are currently queued, indicating significant investor confidence in Ethereum’s future.