Ethereum staking liquidity accelerates, with exit and entry funds rising to approximately $2 billion and $1.3 billion high points respectively.

robot
Abstract generation in progress

Golden Finance reports that due to the rise of over 160% in Ethereum since April, there has been a large-scale cash-out wave among ETH stakers, with the number of validators exiting reaching 519,000 ETH, worth about $1.92 billion, and the waiting time exceeding 9 days, the highest level since January 2024. At the same time, the enthusiasm of institutions for staking has driven the queued amount of ETH to rise to 357,000 coins, valued at approximately $1.3 billion, with a waiting time of over 6 days, the longest since April 2024. After companies like Sharplink Gaming shifted to an ETH treasury strategy in May, the demand for staking has significantly increased. Analysis indicates that the exit is mainly driven by early stakers taking profits, while the entry is boosted by the regulatory positive impact after the SEC clearly stated on May 29 that "staking does not violate securities law." As of now, the number of active Ethereum validators has exceeded 1.09 million, growing by more than 54,000 since the end of May. Figment co-founder Andy Cronk stated that institutional stake delegation volume has increased by over 100%, and the waiting time for validators has risen by more than 360%, in line with the price rise of ETH.

ETH2.72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)