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Ethereum Unstaking Surge Reaches Record Level Indicating Growing Liquidity Pressures

The Ethereum network is witnessing unprecedented demand for unstaking, with a record 637,450 ETH currently queued for withdrawal. This historic high signifies the most significant backlog since unstaking mechanisms were enabled following Ethereum’s transition to proof-of-stake.

Accompanying the massive queue is a net redemption figure of 316,000 ETH, reflecting substantial validator withdrawal activity beyond new deposits. The surge in unstaking requests has consequently caused the waiting time for unstaking completions to extend to 11 days and 2 hours, the longest latency period ever recorded.

This development highlights evolving dynamics within Ethereum’s post-merge staking environment. It points towards increased liquidity demands among participants, potentially suggesting shifts in validator behavior as market conditions and strategic staking considerations evolve. The growing queue length serves as a key indicator of the current pressure to access staked assets.

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