Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Ethereum Nearing Queue Clearance for Validators

Altszn.com by Altszn.com
October 17, 2023
in Solana
0
Ethereum Nearing Queue Clearance for Validators
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Crypto currency etherium. ethereum coin on exchange charts. e-currency etherium on the background of the schedule, arm,.

  • Latest data discloses that the queue of new validators on the Ethereum blockchain is almost cleared out.
  • This is said to indicate a weak staking demand compared to how the network was congested at its peak. 

Ethereum (ETH), with a bearish market sentiment, is currently trading at $1,584.36. According to reports, Ethereum has a weak staking demand. This is evident in the recent report that the queue of new validators on the blockchain is almost cleared out.

The first time this was ever recorded this year was in April, when the “Shapella” upgrade was launched, marking the transition from the proof of work to the proof of stake algorithm. In early June, as many as 96,000 validators were waiting in the queue.

As of the time of writing, only 598 validators are waiting for their turn. This indicates that the waiting time for new validators to be added to the network has been reduced to less than 5 hours. This is a significant reduction from the 45-day waiting time due to the increased demand to stake ETH. 

Binance stated that it would take from 15 days to several weeks to process their transactions at that time.

Due to the processing limitations on the Ethereum network, Binance will set a daily ETH redemption quota for each Binance user.

At that time, about $1.4 billion worth of ETH was stuck in the withdrawal queue. Experts attributed the delay to the limits in the amount of transactions the blockchain can process. Nansen analyst Martin Lee disclosed that the network can process 1,800 validator withdrawals per day. That was approximately $115 million. He further stated that the limit on validator withdrawals was implemented for security reasons. 

In an extreme scenario, if there are no limits, and a large majority of validators exit, the Ethereum network would be vulnerable to attacks and bad actors.

>> Buy Ethereum (ETH) quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<

Ethereum (ETH) Price Declines 

The recent move to Poof of Stake demands that validators maintain the network and verify transactions by locking up ETH in exchange for a staking reward. The Shapella upgrade, therefore, enabled validators to withdraw their staking rewards for the first time. This triggered a significant flow of funds into the blockchain’s staking mechanism. 

According to David Lawant, head of research at institutional crypto exchange FalconX, the empty activation queue indicates that the growth of staked ETH has slowed down. It is important to note that the staking rewards were around 5 percent to 6 percent at the beginning of the year. This has reduced to 3.5 percent. 

Composite Ether Staking Rate (CESR), attributes this to the moderate network activity to generate revenue from fees as well as the increasing number of stakers. The staking ratio of Ethereum which represents the share of tokens staked and the total supply, has increased to more than 22 percent. This was around 15 percent in April, and 6.5 percent in September. Comparatively, Solana’s ratio is 69 percent, Cardano has 63 percent and Avalanche has 53 percent. 

As of press time, Ethereum was trading at $1,573.14 after declining by 0.35 percent in the last seven days. In the last 24 hours, the asset has fallen by 0.89 percent. 

 

Best Crypto Exchange for Everyone

  • Invest in Ethereum (ETH) and over 200+ cryptocurrencies on America’s most trusted crypto exchange.
  • Buy Ethereum (ETH) easily and with low fees via PayPal and credit card.
  • Enjoy super-low trading fees and access to more than 400 trading pairs.
  • Coinbase is regulated by the SEC and FINRA in the USA, and by CySEC and FCA in Europe.

100,000,000 Users

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.





Read More: www.crypto-news-flash.com

Tags: ClearanceEthereumNearingQueueSolanavalidators
ADVERTISEMENT

Recent

NFT founder stole millions from Bitcoin project, investors allege

NFT founder stole millions from Bitcoin project, investors allege

May 15, 2025
Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

May 14, 2025
Crypto VC deals drop in Q1, but funding more than doubles: PitchBook

Crypto VC deals drop in Q1, but funding more than doubles: PitchBook

May 14, 2025

Categories

  • Bitcoin (4,858)
  • Blockchain (11,412)
  • Crypto (9,352)
  • Dark Web (549)
  • DeFi (8,397)
  • Ethereum (4,905)
  • Metaverse (7,530)
  • Monero (290)
  • NFT (1,481)
  • Solana (5,047)
  • Web3 (20,704)
  • Zcash (509)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    NFT founder stole millions from Bitcoin project, investors allege

    NFT founder stole millions from Bitcoin project, investors allege

    May 15, 2025
    Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

    Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

    May 14, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 101,947.00
    • ethereumEthereum (ETH) $ 2,545.34
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.47
    • bnbBNB (BNB) $ 645.09
    • solanaSolana (SOL) $ 171.58
    • usd-coinUSDC (USDC) $ 0.999995
    • dogecoinDogecoin (DOGE) $ 0.225368
    • cardanoCardano (ADA) $ 0.775765
    • tronTRON (TRX) $ 0.270051
    • staked-etherLido Staked Ether (STETH) $ 2,545.30
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,853.00
    • suiSui (SUI) $ 3.74
    • chainlinkChainlink (LINK) $ 16.34
    • wrapped-stethWrapped stETH (WSTETH) $ 3,052.33
    • avalanche-2Avalanche (AVAX) $ 23.79
    • stellarStellar (XLM) $ 0.297154
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hedera-hashgraphHedera (HBAR) $ 0.199424
    • leo-tokenLEO Token (LEO) $ 8.87
    • hyperliquidHyperliquid (HYPE) $ 24.46
    • the-open-networkToncoin (TON) $ 3.16
    • bitcoin-cashBitcoin Cash (BCH) $ 391.41
    • litecoinLitecoin (LTC) $ 96.55
    • polkadotPolkadot (DOT) $ 4.81
    • usdsUSDS (USDS) $ 0.999960
    • wethWETH (WETH) $ 2,538.50
    • moneroMonero (XMR) $ 342.92
    • pi-networkPi Network (PI) $ 0.850359
    • wrapped-eethWrapped eETH (WEETH) $ 2,710.23
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.64
    • ethena-usdeEthena USDe (USDE) $ 0.999917
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 101,862.00
    • whitebitWhiteBIT Coin (WBT) $ 30.21
    • uniswapUniswap (UNI) $ 6.40
    • bittensorBittensor (TAO) $ 425.36
    • daiDai (DAI) $ 1.00
    • nearNEAR Protocol (NEAR) $ 2.90
    • aptosAptos (APT) $ 5.55
    • aaveAave (AAVE) $ 224.34
    • okbOKB (OKB) $ 53.73
    • ondo-financeOndo (ONDO) $ 0.971022
    • jito-staked-solJito Staked SOL (JITOSOL) $ 205.34
    • kaspaKaspa (KAS) $ 0.113117
    • ethereum-classicEthereum Classic (ETC) $ 19.17
    • internet-computerInternet Computer (ICP) $ 5.44
    • tokenize-xchangeTokenize Xchange (TKX) $ 36.09
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 101,947.00
    • ethereumEthereum (ETH) $ 2,545.34
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.47
    • bnbBNB (BNB) $ 645.09
    • solanaSolana (SOL) $ 171.58
    • usd-coinUSDC (USDC) $ 0.999995
    • dogecoinDogecoin (DOGE) $ 0.225368
    • cardanoCardano (ADA) $ 0.775765
    • tronTRON (TRX) $ 0.270051
    • staked-etherLido Staked Ether (STETH) $ 2,545.30
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,853.00
    • suiSui (SUI) $ 3.74
    • chainlinkChainlink (LINK) $ 16.34
    • wrapped-stethWrapped stETH (WSTETH) $ 3,052.33
    • avalanche-2Avalanche (AVAX) $ 23.79
    • stellarStellar (XLM) $ 0.297154
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hedera-hashgraphHedera (HBAR) $ 0.199424
    • leo-tokenLEO Token (LEO) $ 8.87
    • hyperliquidHyperliquid (HYPE) $ 24.46
    • the-open-networkToncoin (TON) $ 3.16
    • bitcoin-cashBitcoin Cash (BCH) $ 391.41
    • litecoinLitecoin (LTC) $ 96.55
    • polkadotPolkadot (DOT) $ 4.81
    • usdsUSDS (USDS) $ 0.999960
    • wethWETH (WETH) $ 2,538.50
    • moneroMonero (XMR) $ 342.92
    • pi-networkPi Network (PI) $ 0.850359
    • wrapped-eethWrapped eETH (WEETH) $ 2,710.23
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.64
    • ethena-usdeEthena USDe (USDE) $ 0.999917
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 101,862.00
    • whitebitWhiteBIT Coin (WBT) $ 30.21
    • uniswapUniswap (UNI) $ 6.40
    • bittensorBittensor (TAO) $ 425.36
    • daiDai (DAI) $ 1.00
    • nearNEAR Protocol (NEAR) $ 2.90
    • aptosAptos (APT) $ 5.55
    • aaveAave (AAVE) $ 224.34
    • okbOKB (OKB) $ 53.73
    • ondo-financeOndo (ONDO) $ 0.971022
    • jito-staked-solJito Staked SOL (JITOSOL) $ 205.34
    • kaspaKaspa (KAS) $ 0.113117
    • ethereum-classicEthereum Classic (ETC) $ 19.17
    • internet-computerInternet Computer (ICP) $ 5.44
    • tokenize-xchangeTokenize Xchange (TKX) $ 36.09
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00