ETH queued to exit the Ethereum PoS network rose to 1.075 million, while more than 730,000 ETHs were waiting to join

According to BlockBeats, on August 28, according to the validator queue tracking website validatorqueue data, the current Ethereum PoS network exit queue has risen to 1,075,268, a value of approximately US$4.95 billion, and the withdrawal delay has been extended to 18 days and 16 hours. At the same time, the ETH queued to join the network is about 738,733, worth about US$3.4 billion, and is also on the rise. The current queue for admission is 12 days and 20 hours. Previous reports have reflected that this situation reflects the existence of two opposite forces in the market: on the one hand, some pledgers may choose to put their pockets after Ethereum has risen sharply since its April lows, resulting in a surge in exit queues; on the other hand, new deposited funds driven by regulatory benefits and institutional demand are also pushing up the entry queue, such as listed companies such as SharpLink Gaming and BitMine Immersion to increase their holdings of ETH and pledge them.