Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum staking exit queue hits record high amid Celsius unlock.
ETHEREUM NEWS

Ethereum staking exit queue hits record high amid Celsius unlock.

By Crypto FlexsJanuary 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum staking exit queue hits record high amid Celsius unlock.
Share
Facebook Twitter LinkedIn Pinterest Email

The Ethereum network is experiencing a surge in validator exits, with the number of validators in the exit queue reaching an all-time high of over 16,000 on January 5, according to on-chain data.

As churn increased, unstaking wait times jumped to an average of 5.6 days. As of press time, approximately 15,140 validators are still in the queue.

The surge was mainly driven by withdrawal requests from defunct CeFi lender Chelsea Network and staking provider Figment, which accounted for around 75% of all withdrawals in the queue.

550,000ETH

Celsius, which is currently undergoing restructuring procedures after declaring bankruptcy last year, has begun a large-scale withdrawal from Ethereum staking.

The move, aimed at redistributing assets to meet creditors’ demands, includes the withdrawal of over 200,000 ETH, worth approximately $450 million.

The situation was made even worse by the intervention of Figment, another major staking provider, which was tied to 54% (350,000 ETH) of the total withdrawals in the queue.

Together, the two organizations want to withdraw approximately 550,000 staked Ethereum. This represents approximately 1.7% of the 29 million ETH staked across all platforms.

Items are drying out

Even amid this significant churn, the entry queue for new Ethereum validators remains noticeably low, close to zero. This is in stark contrast to the swelling numbers in exit queues.

The Ethereum network operates with exit restrictions, which limits the number of validators who can enter or leave the network per day to 2,925, based on 13 validators per epoch.

The surge in withdrawal requests also affected the staking returns of Ethereum validators. As of press time, the staking reward reference rate was approximately 3.4%, down more than 50% from the nearly 8% return recorded in May 2023.

This significant change in validator dynamics poses potential challenges to the stability of the Ethereum network, given the critical role of validators in securing and processing transactions.

Meanwhile, unstaking wait times have lengthened to an average of 5.6 days, raising concerns about the network’s ability to handle large-scale exits.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Ethereum Future is an execution of stablecoins and tokenized assets -then you need to know:

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Building Tomorrow’s Wealth With Tokenized Gold

October 9, 2025

Dreamcash Celebrates 100,000 Waitlist Signups With Exclusive $50k Giveaway Series

October 9, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Fanable Gets $11.5M To Power The Future Of Pokémon & Collectibles; $COLLECT Token Farming Goes Live Now

October 9, 2025

Bybit Secures UAE’s First Virtual Asset Platform Operator License From Securities And Commodities Authority

October 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025
Most Popular

UN Investigation Reveals North Korea’s $3 Billion Cryptocurrency Cyber ​​Attack Plan

February 11, 2024

Solana Strengthens DeFi with Coinbase cbBTC and Marinade V2

September 27, 2024

Hong Kong expected to approve first spot Bitcoin ETF by mid-April

April 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.