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News Explorer — Ethereum Network Seeing Spike in Interest From New Validators

Generated by AI, curated by humans


Feb 12, 7:40 am
Coindesk

Ethereum Network Seeing Spike in Interest From New Validators

The Ethereum network is experiencing a surge in the number of validators looking to stake their ether (ETH), with over 7,000 validators currently in the entry queue. This backlog is expected to be cleared in just over 48 hours, representing over 225,000 ether ($562 million). Despite the increase in staking activity, the annualized percentage yield on staked ether remains unchanged.

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