TechFlow news, according to Coindesk, cryptocurrency investors hoping to earn returns on their ETH holdings must wait nearly a month to register as Ethereum validators.
The staking wait time for ether is 640 hours, or approximately 26 days. In contrast, exiting the network takes only 0.013 hours, less than a minute.
As of May, nearly 50,000 validators were "queued" waiting to join the network, possibly due to large ETH holders seeking passive income from their holdings. Demand for staking is increasing as new market entrants and previously testnet stakers re-enter the market.
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