Ethereum Staking Demand Surges, Reducing Available Supply

Ethereum staking has regained momentum, with more than 13 times as many ETH awaiting entry as exit. This imbalance could reduce the available supply, but it does not guarantee a price increase.

As of September 21st, nearly 2.48 million ETH awaited staking with a delay between 43 and 45 days. In contrast, only 131,040 ETH were in the exit queue. The net gap was 1,622,869 ETH in favor of entries. This is due to the Ethereum protocol's 'churn limit', which prevents too rapid fluctuations in the number of validators.

The activation delay exceeded 30 days, versus about two days for exit. A total of 43.2 million ETH were staked, representing more than a third of the total supply.