The number of ETH queued for entry into the Ethereum Proof-of-Stake (PoS) network has risen to 2,818,506, according to validatorqueue data. According to ChainCatcher, this amount is valued at approximately $8.49 billion, with an estimated activation delay of around 48 days and 22 hours.
The primary reason for this increase is BitMine's recent decision to stake a significant amount of its ETH holdings. Meanwhile, the Ethereum PoS network's staking exit queue has been cleared, with no users currently opting to withdraw their staked ETH.
