Ethereum’s proof-of-stake network is confronting severe withdrawal delays, with over 699,800 ETH currently queued for processing. Users face waits exceeding 12 days to access their staked assets due to mounting network constraints.
The unprecedented backlog stems from fundamental capacity limitations following Ethereum’s transition to proof-of-stake, compounded by heightened withdrawal demand. This bottleneck restricts liquidity access and impacts institutional operations relying on timely settlements.
New data reveals the withdrawal queue has expanded by 35% within the past month alone, with average delay durations increasing by four days. This accelerating congestion highlights structural challenges requiring protocol-level solutions.
Core developers are actively debating potential technical upgrades to streamline withdrawal processing mechanisms. The backlog underscores Ethereum’s urgent need for efficiency improvements despite its successful transition to PoS consensus.