Ethereum PoS Network Sees Surge in Staked ETH

The number of ETH queued to join the Ethereum Proof of Stake (PoS) network has been steadily increasing, reaching 3,068,886 ETH, the highest since July 2023. According to BlockBeats, this surge reflects strong staking demand, primarily driven by Ethereum treasury companies and institutions like BitMine, which have recently staked significant amounts of ETH. On-chain data reveals that BitMine has staked a total of 1,943,200 ETH. The activation delay for new validators is currently estimated at around 53 days and 7 hours. Meanwhile, the Ethereum PoS network's staking exit queue has been cleared, indicating that users can now almost immediately withdraw their staked ETH.