Ethereum staking queue size hits a new high since the transition to PoS, with approximately 3.4 million ETH waiting to be added.

Data shows that approximately 3.4 million ETH are currently waiting to join the validator set, forming one of the longest staking queues since the network transitioned to PoS, resulting in an estimated wait time of up to 60 days. This figure is a significant increase from approximately 904,000 ETH in early January. Analysts say the recent surge in the Ethereum validator queue indicates that large investors, businesses, and cryptocurrency exchanges are more inclined to stake their ETH holdings rather than sell them during the recent market downturn. The narrative surrounding Ethereum's potential in payment infrastructure and AI-related applications may also be driving this demand. (Decrypt)