Ethereum PoS Network Experiences Significant Validator Queue Changes

According to BlockBeats, the Ethereum Proof-of-Stake (PoS) network is witnessing notable shifts in its validator queues. As of today, the exit queue has reached 2.636 million ETH, valued at approximately $12.28 billion, with a current queue time of 45 days and 18 hours. Meanwhile, the entry queue stands at 634,000 ETH, worth around $2.97 billion, experiencing a delay of 11 days. The substantial increase in the exit queue is primarily attributed to Kiln's withdrawal of validator nodes. Kiln has staked approximately 1.6 million ETH, and it is reported that the withdrawn ETH will likely be re-staked using new validator keys, indicating that these assets are not intended for sale. On September 10, staking service provider Kiln announced an orderly withdrawal of all its Ethereum validator nodes following a hacking incident involving SwissBorg, aiming to ensure the integrity of staked assets.