Ethereum stake demand surges, get on board queue hits new high for 2023

[Chain News] On September 3, it was reported that as institutional traders and crypto assets savings companies seek to earn rewards on their held assets, the amount of Ethereum waiting to be staked has surged to its highest level since 2023. On Tuesday, the Ethereum staking get on board queue reached its highest level since September 2023, with on-chain data showing that 860,369 Ether (worth approximately $3.7 billion) are waiting to be staked.

On August 29, after the staking exit queue reached a historic high of slightly over 1 million ETH, the entry and exit queues almost reached a balance for the first time. Subsequently, the exit queue decreased by 20%, indicating a slowdown in the Ethereum un-staking speed. According to data platforms, there are already 35.7 million ETH staked on this blockchain, worth approximately $162 billion, accounting for 31% of the total supply.