Ethereum’s validator queue has surged recently. Large investors, companies and cryptocurrency exchanges have chosen to stake their ether rather than sell it despite recent market volatility.
A recent Decrypt report citing ValidatorQueue data said about 3.4 million ether is waiting to be registered as validators.
That is among the longest staking queues since the Ethereum network switched to proof of stake, with waiting times estimated at up to 60 days.
The queue has expanded sharply from about 904,000 ether in early January to about 3.4 million. Analysts also see expectations for Ethereum’s potential in payment infrastructure and artificial intelligence-related applications as a factor lifting demand.
About the Author
Chi-gyu Hwang
delight@d-today.co.kr