The post Ethereum Staking Queue Hits Two-Year High, Exit Queue Drops appeared on BitcoinEthereumNews.com. The amount of Ether (ETH) in the queue to be staked has surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings. On Tuesday, the Ethereum staking entry queue reached its highest level since September 2023, with onchain data showing 860,369 ETH, worth around $3.7 billion, waiting to be staked. “Honestly, this is pretty striking, because we haven’t seen queues of this size since 2023 when the Shanghai upgrade enabled withdrawals,” staking protocol Everstake said. The firm added that the growth in the validator queue comes down to a mix of factors, including an increase in network confidence. “More people trust Ethereum’s long-term value and want to participate in securing it.” There are also great market conditions, as rising Ether prices and historically low gas fees make staking more attractive and accessible for users, Everstake said.  Finally, institutional interest has surged, as “more companies and funds are entering Ethereum staking, bringing larger amounts into the chain.”  Ethereum staking entry queue surges to two-year high. Source: Everstake Exit queue retreats from high  The increase in staking allays some of the recent fears that a surge in the staking exit queue would spark a major sell-off following the asset’s all-time high on Aug. 24. The staking entry and exit queues almost reached parity for the first time since July after the exit queue hit an all-time high of just over 1 million ETH on Aug. 29, since dropping 20% to indicate a slowdown in unstaking Ether.  Related: 5 signs that Ethereum’s bull market isn’t over below $5K The blockchain has 35.7 million ETH staked, worth approximately $162 billion, and equating to 31% of the total supply, according to Ultrasound.Money.  ETH treasuries buy and stake amid price drop Ether corporate treasury funds… The post Ethereum Staking Queue Hits Two-Year High, Exit Queue Drops appeared on BitcoinEthereumNews.com. The amount of Ether (ETH) in the queue to be staked has surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings. On Tuesday, the Ethereum staking entry queue reached its highest level since September 2023, with onchain data showing 860,369 ETH, worth around $3.7 billion, waiting to be staked. “Honestly, this is pretty striking, because we haven’t seen queues of this size since 2023 when the Shanghai upgrade enabled withdrawals,” staking protocol Everstake said. The firm added that the growth in the validator queue comes down to a mix of factors, including an increase in network confidence. “More people trust Ethereum’s long-term value and want to participate in securing it.” There are also great market conditions, as rising Ether prices and historically low gas fees make staking more attractive and accessible for users, Everstake said.  Finally, institutional interest has surged, as “more companies and funds are entering Ethereum staking, bringing larger amounts into the chain.”  Ethereum staking entry queue surges to two-year high. Source: Everstake Exit queue retreats from high  The increase in staking allays some of the recent fears that a surge in the staking exit queue would spark a major sell-off following the asset’s all-time high on Aug. 24. The staking entry and exit queues almost reached parity for the first time since July after the exit queue hit an all-time high of just over 1 million ETH on Aug. 29, since dropping 20% to indicate a slowdown in unstaking Ether.  Related: 5 signs that Ethereum’s bull market isn’t over below $5K The blockchain has 35.7 million ETH staked, worth approximately $162 billion, and equating to 31% of the total supply, according to Ultrasound.Money.  ETH treasuries buy and stake amid price drop Ether corporate treasury funds…