There is now 13.6× more ETH waiting to enter staking than waiting to exit, with roughly 2.48M ETH sitting in the entry queue.
Around 41M ETH is already staked, representing roughly one-third of Ethereum’s supply.
That imbalance shows strong demand to lock up ETH, although the entry queue isn’t a pure demand signal because protocol mechanics and validator top ups also contribute to the backlog.
More ETH wants to get in than get out. That’s a notable supply side signal for Ethereum.
#BTC Price Analysis# #Ethereum $ETH $HYPE
Around 41M ETH is already staked, representing roughly one-third of Ethereum’s supply.
That imbalance shows strong demand to lock up ETH, although the entry queue isn’t a pure demand signal because protocol mechanics and validator top ups also contribute to the backlog.
More ETH wants to get in than get out. That’s a notable supply side signal for Ethereum.
#BTC Price Analysis# #Ethereum $ETH $HYPE
