{"id":10627,"date":"2024-02-12T16:51:54","date_gmt":"2024-02-12T14:51:54","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-staking-demand-hits-four-month-high\/"},"modified":"2024-02-12T16:51:54","modified_gmt":"2024-02-12T14:51:54","slug":"ethereum-staking-demand-hits-four-month-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-staking-demand-hits-four-month-high\/","title":{"rendered":"Ethereum Staking Demand Hits Four-Month High"},"content":{"rendered":"<p>The queue of Ethereum validators has risen to 7045, the highest level since October 6, according to the service <a href=\"https:\/\/www.validatorqueue.com\/\">ValidatorQueue<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-911.webp\" alt=\"1-911\" class=\"wp-image-225880\"\/><figcaption class=\"wp-element-caption\">Source: ValidatorQueue.<\/figcaption><\/figure>\n<p>The figure reached a record 75,000 immediately after the activation of Shanghai in April 2023.<\/p>\n<p>The upgrade enabled the release of accumulated rewards and allowed changing service providers. In October, this parameter dropped to zero for the first time, prompting skeptical assessments from JPMorgan analysts.<\/p>\n<p>According to the network&#8217;s algorithm, it would take almost 54 hours to clear the current validator queue if no new applicants join. At the time of writing, the number of active participants reached 936,838.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-712.webp\" alt=\"2-712\" class=\"wp-image-225881\"\/><figcaption class=\"wp-element-caption\">Source: ValidatorQueue.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe surge in staking activity [\u2026] indicates the first signs of a recovery in [Ethereum] viability,\u201d<\/em> commented <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/02\/12\/ethereum-validator-entry-queue-signals-renewed-interest-in-staking\/\">CoinDesk<\/a> research head at FalconX, David Lawant.<\/p>\n<\/blockquote>\n<p>The expert noted that the trend is notable given the low reward size. According to <a href=\"https:\/\/ultrasound.money\/\">ultrasound.money<\/a>, the rate is 3% per annum.<\/p>\n<p>Lawant believes market participants are awaiting clarity on the possibility of Ethereum-ETF issuers staking part of their coins if the product is approved.<\/p>\n<p>Specifically, ARK Invest and 21Shares have included such an option in their instrument proposal.<\/p>\n<p>In recent months, the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> has delayed decisions on applications to launch spot Ethereum-ETFs from several companies, including Grayscale, BlackRock, and Invesco with Galaxy.<\/p>\n<p>Some experts believe the regulator will approve the products in May. Grayscale suggested a positive decision might come in the summer. However, some analysts doubt the swift registration of spot ETH-ETFs.<\/p>\n<p>In February, the share of Ethereum supply in staking reached 25%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The queue of Ethereum validators has risen to 7045, the highest level since October 6, according to the service ValidatorQueue. Source: ValidatorQueue. The figure reached a record 75,000 immediately after the activation of Shanghai in April 2023. The upgrade enabled the release of accumulated rewards and allowed changing service providers. In October, this parameter dropped [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,46],"class_list":["post-10627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10627"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10626"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}