Ethereum staking queue swells to 1.76M ETH, highest since August 2023

Approximately 1.759 million ETH, valued at around $5.5 billion, is currently in the queue to be staked on the Ethereum Beacon Chain, according to data from the analysis site ValidatorQueue. This marks the largest backlog since late August 2023. New stakers face a wait of roughly 30 days and 14 hours for their validators to become active, while the unstaking queue is currently empty.