The Ethereum network is experiencing a surge in the number of validators seeking to stake their Ethereum (ETH). The validator entry queue currently stands at 7,045, the highest level since October 6, 2023. What is behind this number and how does this growth happen?
Staking is of interest to investors as an investment mechanism. This is also due to the activity of large companies – such as, for example, Ark Invest, which previously announced the intention to stake its ETH tokens as a way of generating additional income. Ordinary users are closely watching what the majors do and sometimes they copycat their moves.
Previously, a number of reports circulated about simplifying market participants’ access to ETH staking This also contributed to the expansion of interest in this investment mechanism.
Growth takes place when there is either an idea or the potential for earnings. In this case, both options are on the table.