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Gate ELSA Futures Trading Challenge is Now Live!
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The number of ETH waiting in line to join the Ethereum PoS network continues to grow, reaching a new high since July 2023.
On January 23, according to the validator queue tracking website validatorqueue, the number of ETH waiting in line to join the Ethereum PoS network has been continuously increasing since December 26, 2025, now reporting 3,068,886 ETH, reaching a new high since July 2023, valued at approximately $8.98 billion, with an estimated activation delay of about 53 days and 7 hours. This reflects a sustained strong demand for staking, mainly from Ethereum treasury companies and institutions like BitMine, which have recently staked a large amount of their ETH holdings. On-chain data shows that BitMine has currently staked a total of 1,943,200 ETH, worth about $5.69 billion. The Ethereum PoS network staking exit queue has been cleared, and there are currently no large numbers of users choosing to redeem ETH from staking, meaning stakers can almost immediately withdraw their ETH.