$8.49 Billion in ETH Queued for Ethereum PoS Staking with 48-Day Activation Delay

Around 2,818,506 ETH worth approximately $8.49 billion is queued to be staked on Ethereum's PoS network with an estimated activation delay of about 48 days and 22 hours as of Jan. 22, validatorqueue data show. The increase in pending deposits is mainly attributed to BitMine recently staking a large amount of its ETH. The staking exit queue on the Ethereum PoS network has been cleared, and no users are currently choosing to redeem ETH from staking.