News Explorer — Ethereum Validator Queue Empties for First Time Since May, Signaling Leveling Off of ETH Staking Demand

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Oct 16, 8:48 am

Coindesk

Ethereum Validator Queue Empties for First Time Since May, Signaling Leveling Off of ETH Staking Demand

The Ethereum blockchain validator queue has emptied for the first time since the Shanghai upgrade in May, indicating a leveling off of investor demand for ETH staking, according to a report by Coinbase. Staking yields have dropped to 3.5% from over 5% as the validator entry reached peak capacity in recent months. With no major protocol upgrades expected until 2024, Coinbase expects staking yields to remain flat.

The Ethereum blockchain validator queue has emptied for the first time since the Shanghai upgrade in May, indicating a leveling off of investor demand for ETH staking, according to a report by Coinbase. Staking yields have dropped to 3.5% from over 5% as the validator entry reached peak capacity in recent months. With no major protocol upgrades expected until 2024, Coinbase expects staking yields to remain flat.

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