Digital asset treasury companies such as Tom Lee’s BitMine have contributed to the increase in the entry queue, but the network’s Petcra upgrade may have also helped.
Ethereum’s staking queue has flipped the exit line for the first time in six months, with almost twice as much ETH now lined up to be staked as ETH trying to leave the network.
The entry queue for validators has roughly 745,619 Ether (ETH) with a nearly 13-day wait, while the exit line has around 360,518 ETH and an eight-day wait, according to the blockchain explorer Ethereum Validator Queue.
The flippening happened on Saturday, when both queues were around 460,000, but the entry queue has gone vertical since, while some argue the exit queue is trending towards zero.
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