The Increasing Interest in Ethereum Validator Nodes
The waiting list for Ethereum validator nodes has reached a new high of 7,045, indicating a growing interest in staking. This surge in demand is reflected in the number of users joining the queue to become network validators by staking their ETH. The current waiting list represents over 225,000 ETH, equivalent to $562 million. It takes approximately 48 hours to clear the registration queue due to Ethereum’s limit on the number of new validators that can join the network. To become an Ethereum validator, one must stake at least 32 ETH and receive a constant yield rate in return.
A Renewed Interest in Staking
The increase in the waiting list for Ethereum validators suggests a renewed interest in staking activity. David Lawant, research manager at FalconX, sees this as a sign of renewed vitality in the staking activity on Ethereum. However, despite the rush to stake future validators, the yield percentage on ETH remains at 4%. Despite this, the price of ETH has seen recovery, currently standing at $2,477 with a positive trend aiming to reach the $2,600 mark. There are optimistic predictions for the future of ETH, with some experts forecasting prices exceeding $5,000 by the end of 2024.
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