Data: Ethereum validator waitlist sets longest record since early October

ChainCatcher news, since the beginning of October, the new Ethereum validator waiting list has reached its longest. Although the yield for staking Ethereum remains below 4%, interest in staking continues to grow.

According to data from ValidatorQueue, the number of validators on the Ethereum network has surged, with the so-called validator queue reaching 7,045, the highest since October 6. The waiting list represents over 225,000 Ether (worth $56.2 billion), which is expected to clear within 48 hours. Validators are entities that stake at least 32 Ether in the network to participate in running Ethereum's proof-of-stake consensus blockchain. In exchange for staking Ether, they receive a stable return similar to fixed-income instruments like bonds.