Ethereum Staking Breaks Records: 910,461 ETH Exiting Amidst Surge in New Entrants

Ethereum’s proof-of-stake (PoS) network has experienced unprecedented activity. A record 910,461 ETH ($3.91 billion) are queued to exit the network, according to validatorqueue.com. This surge is attributed to profit-taking following a recent rally in the crypto market and DeFi activities. Simultaneously, over 268,217 ETH are lined up to join the network, creating an intricate balance between inflows and outflows. This remarkable shift is partly driven by restaking platforms like EigenLayer, where validators redeploy their staked ETH for additional rewards, leading to increased churn in the network.