Crypto
Ethereum exit queue drops to 767,000 ETH after MetaMask validator exits
The Ethereum exit queue has seen a notable reduction, dropping to 767,000 ETH after recent validator exits by MetaMask. This marks a significant decline from the previous high, although nearly 1.44 million ETH still remain pending to begin staking.
The current backlog represents a 31% decrease from September 1, indicating that validators are exiting the network at a faster pace. Despite this improvement, the pending withdrawals still face an estimated 25-day delay before they can be processed.