How Ethereum staking hit a record 36.3% despite ETH’s price drop

Ethereum's [ETH] staking ratio has reportedly reached an all-time high (ATH) of 36.3%, accounting for more than one-third of ETH’s total circulating supply. Well, the rising staking ratio suggests that an increasing number of ETH holders are choosing to lock up their tokens rather than sell or actively trade them. This comes as Ethereum’s validator queues show that at press time, 911,938 ETH was waiting to be staked with a 16-day, 7-hour wait. Meanwhile, 264,211 ETH was queued to exit with a 5-day, 16-hour wait, plus a 7-day sweep delay. Both queues are limited by the same churn rate of 256 per epoch, meaning only a fixed amount of ETH can join or leave each epoch, which is why a big backlog translates into longer waits.

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