Ethereum’s validator exit queue has neared zero for the first time since July, Cointelegraph reported on Monday.
Ethereum’s validator exit queue is a mechanism that regulates the pace at which validators can leave to support network stability. An exit queue near zero means pressure from large-scale departures is easing and new exit requests can be processed immediately. This is interpreted as a positive signal for network stability.
Beaconchain data show the exit queue currently stands at 32 ETH, with a waiting time of about 1 minute. That is down 99.9 percent from 2.67 million ETH in mid-September. The staking entry queue, by contrast, rose to 1.3 million ETH, the highest since mid-November. Rostik, chief technology officer at Asymmetrics, analysed this by saying the ETH exit queue is effectively empty and no one wants to sell staked Ethereum.
Exchange ETH holdings hit their lowest level in 10 years as inflows from Bitmine and ETF staking increased. Tevis, founder of AlphaLedger, said selling pressure is easing and the entry queue is far outpacing the exit queue.
Chi-gyu Hwang
delight@d-today.co.kr