New information about the status of Ethereum shows that the queue for unstaking ETH has reached record levels and changes in validator influx.
Records in Unstaking Queue
Currently, the unstaking queue for Ethereum totals over 733,000 ETH, equivalent to approximately $2.76 billion. The waiting time has reached 13 days — the longest duration since the feature's introduction.
Who's Behind the Increase in Unstaking Requests
According to ARK Invest CEO Cathie Wood, the increase in unstaking requests is not driven by retail investors. She noted that it is due to venture capitalists and corporate treasuries pulling large amounts of ETH. Wood stated, 'The pressure on Ethereum’s network is coming from Robinhood offering a 2% match for crypto transfers.'
New Concepts and Asset Interaction
Companies like SharpLink Gaming and Bitmine Immersion are quietly increasing their ETH holdings without directly acquiring tokens. There is a growing focus on Digital Asset Treasuries (DATs), allowing companies to utilize their assets in DeFi lending and staking, thus opening new opportunities for investors.
The increase in ETH unstaking requests reflects changes in investor behavior and their approach to traditional financial instruments, highlighting the growing interconnection between Ethereum and traditional financial systems.
