The number of ETH waiting in line to join the Ethereum PoS network has surpassed 3.12 million, setting a new historical high

According to the validator queue tracking website validatorqueue, since December 26, 2025, the amount of ETH waiting to join the Ethereum PoS network has continued to grow, currently reported at 3,120,542 coins, reaching a historical high, valued at approximately $9.24 billion, with an expected activation delay of about 54 days and 4 hours.

This reflects a sustained strong demand for staking, primarily due to companies like BitMine and other institutional Ethereum treasury firms recently staking large amounts of ETH they hold. The Ethereum PoS network's staking withdrawal queue has been cleared, and currently, there are no large users choosing to redeem ETH from staking, which means that stakers can now almost immediately withdraw ETH.