The post Ethereum Validator Queue Empties Indicate Leveling Investor Demand! appeared first on Coinpedia Fintech News
The Ethereum blockchain’s validator queue has emptied for the first time since May, indicating that investor demand for ether staking is leveling off, according to a report from Coinbase. Validators lock up ether in exchange for rewards, verifying transactions on the blockchain. Staking yields fell from over 5% to 3.5% as the validator entry reached its peak capacity, and Coinbase expects the staking yield to remain flat now that validator growth has slowed. The report also noted that activity on the Ethereum mainnet remained stable in Q3, and the next major upgrade is not expected until the first half of 2024.
