TechFlow, July 23 — According to CoinDesk, the Ethereum validator exit queue surged to nearly 519,000 ETH (approximately $1.9 billion) on Tuesday, the highest level since January 2024, with wait times extending beyond nine days. Analysts attribute this large-scale exit wave primarily to profit-taking following ETH's 160% rise since April. Despite the high volume of exits, the activation queue also reached 357,000 ETH (about $1.3 billion), with wait times exceeding six days, indicating strong ongoing staking demand. Since the SEC clarified at the end of May that staking does not violate U.S. securities law, institutional staking demand has grown significantly, with Figment reporting over a 100% increase in Ethereum staking delegations. Currently, the number of active validators has reached a record high of nearly 1.1 million.
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