Those who want to get into Ethereum staking have been queued for more than forty-three days, while almost no one wants to get out.
The numbers are there: the entry queue holds about 2.48 million ETH, while the exit queue is only one thirteenth of that—an overall ratio of 13.6 to 1. At its most extreme, in July 2026, the exit queue dropped to practically zero.
This system does not allow people to enter or exit at will. The protocol caps the amount that can pass the gate each day at about 57,600 ETH—roughly 256 ETH every 12 seconds—so the gate is only that wide. By this year’s May, the entry queue peaked at around 3.4 million ETH; by late September it still had about 1.8 million left, which corresponds to about 32 days.
The other side—the exits—has been quiet for a long time. In September 2025, the exit queue was still about 2.67 million ETH; by early January 2026, the demand to exit had fallen by more than 99.9%. On the staking side, ETH hit a new high—around 41 million ETH, a little over one-third of total supply—and the number of validators is close to 900,000.
Queueing itself is fairly straightforward. People who are willing to lock their coins for more than forty days and then line up day by day usually don’t plan to sell tomorrow. Once locked in, the coins don’t participate in circulation, which effectively removes a chunk of spot liquidity from the market during that period.
There’s another way to read this ratio. It suggests that during this time, there are far more people willing to exchange real money for a long-term ticket than there are people trying to cash out.
One more thing: I usually don’t put much faith in stories like this. Consensus can also be something people collectively squeeze out together—having a long queue doesn’t mean the judgment is correct; it only shows that many people happened to take the same action.
A forty-day queue is bought with liquidity, and the cost is written into the next sharp drop.
#以太坊重回2600美元 #Ethereum staking
The numbers are there: the entry queue holds about 2.48 million ETH, while the exit queue is only one thirteenth of that—an overall ratio of 13.6 to 1. At its most extreme, in July 2026, the exit queue dropped to practically zero.
This system does not allow people to enter or exit at will. The protocol caps the amount that can pass the gate each day at about 57,600 ETH—roughly 256 ETH every 12 seconds—so the gate is only that wide. By this year’s May, the entry queue peaked at around 3.4 million ETH; by late September it still had about 1.8 million left, which corresponds to about 32 days.
The other side—the exits—has been quiet for a long time. In September 2025, the exit queue was still about 2.67 million ETH; by early January 2026, the demand to exit had fallen by more than 99.9%. On the staking side, ETH hit a new high—around 41 million ETH, a little over one-third of total supply—and the number of validators is close to 900,000.
Queueing itself is fairly straightforward. People who are willing to lock their coins for more than forty days and then line up day by day usually don’t plan to sell tomorrow. Once locked in, the coins don’t participate in circulation, which effectively removes a chunk of spot liquidity from the market during that period.
There’s another way to read this ratio. It suggests that during this time, there are far more people willing to exchange real money for a long-term ticket than there are people trying to cash out.
One more thing: I usually don’t put much faith in stories like this. Consensus can also be something people collectively squeeze out together—having a long queue doesn’t mean the judgment is correct; it only shows that many people happened to take the same action.
A forty-day queue is bought with liquidity, and the cost is written into the next sharp drop.
#以太坊重回2600美元 #Ethereum staking
