Ethereum PoS Network Grapples With High Withdrawal Delays

The Ethereum Proof-of-Stake (PoS) network is currently facing delays in withdrawals, with an exit queue of over 870,300 ETH worth approximately $4.16 billion. This backlog has resulted in withdrawal durations exceeding 15 days and 3 hours. Conversely, the new validator activation queue shows a slight decrease, standing at 143,000 ETH valued at around $683 million with a relatively short queue time of just 2 days and 12 hours. #ETH