Ethereum PoS Network Faces Withdrawal Delays as Queue Surges to 699,800 ETH
Main Idea
The Ethereum PoS network is experiencing significant withdrawal delays, with a queue of 699,800 ETH causing waits exceeding 12 days, due to network constraints post-Merge and high demand.
Key Points
1. The Ethereum PoS withdrawal queue has surged to 699,800 ETH, marking a significant backlog.
2. Withdrawal delays now exceed 12 days, affecting user access to staked ETH and network liquidity.
3. The backlog is attributed to network capacity constraints post-Merge and high demand for withdrawals.
4. The withdrawal queue size has increased by 35% from the previous month, with average delays up by 4 days.
5. The delays highlight current network challenges, prompting discussions on potential upgrades to improve processing efficiency.
Description
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