Ethereum Validator Exit Queue Drops To Zero Amid ETH Surge

, By Cointelegraph
Ethereum Validator Exit Queue Drops To Zero Amid ETH Surge
Blockchain

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The Ethereum network validator exit queue has fallen back toward zero for the first time since July last year, which could reduce selling pressure, analysts say.

According to data from Beaconcha.in, the current exit queue is just 32 Ether (ETH), with a wait time of around a minute. It is down 99.9% from its peak of 2.67 million ETH in mid-September. 

Meanwhile, the entry queue has hit its highest level since mid-November at 1.3 million ETH, signalling renewed interest in Ether staking. 

The ETH staking exit queue is “basically empty,” said…



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Ethereum Validator Exit Queue Drops To Zero Amid ETH Surge

, Published By Cointelegraph
Ethereum Validator Exit Queue Drops To Zero Amid ETH Surge
Blockchain


The Ethereum network validator exit queue has fallen back toward zero for the first time since July last year, which could reduce selling pressure, analysts say.

According to data from Beaconcha.in, the current exit queue is just 32 Ether (ETH), with a wait time of around a minute. It is down 99.9% from its peak of 2.67 million ETH in mid-September. 

Meanwhile, the entry queue has hit its highest level since mid-November at 1.3 million ETH, signalling renewed interest in Ether staking. 

The ETH staking exit queue is “basically empty,” said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Kayess Square Raises ₹10 Crore in a Landmark Client and Leadership-Led Funding Round
Next News
Nvidia Details New A.I. Chips and Autonomous Car Project With Mercedes
Cointelegraph

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