Overview
- Data show the validator exit queue has fallen to zero, allowing would-be withdrawals to process in minutes and easing immediate sell pressure.
- The staking entry queue has climbed to about 2.6 million ETH, implying roughly 45 days before new validators activate and marking the highest demand since July 2023.
- Santiment reports 77.85 million ETH—about 46.5% of supply—parked in the PoS deposit contract, while Beaconcha.in lists roughly 36.1 million ETH actively staked, or about 29% of supply.
- Institutional participation is a key driver, with BitMine Immersion Technologies staking more than 1.25 million ETH as yields hover near 2.8% APR.
- ETH trades around $3,300, still below the August 2025 peak of $4,946, as watchers track queue dynamics and protocol exit limits for signals on circulating supply.