Ethereum Staking Queue Hits $3.7B, Highest Level Since 2023

The Ethereum staking entry queue has surged to its highest level in nearly two years, reaching 860,369 ETH, worth approximately $3.7 billion, on ￰0￱ Takeaways: Ethereum’s staking queue has surged to 860,000 ETH, its highest level since ￰1￱ demand and rising prices are driving renewed confidence in long-term ETH ￰2￱ 70 treasury participants now hold 4.7 million ETH, most of it earmarked for yield-generating ￰3￱ marks the longest wait time since the Shanghai upgrade in 2023, which allowed for withdrawals and briefly triggered large-scale validator ￰4￱ Influx Drives Renewed Confidence in Ethereum Staking: Everstake According to staking protocol Everstake, the sudden rise reflects renewed confidence in Ethereum’s long-term potential and an influx of institutional capital.

“We haven’t seen queues of this size since 2023. It’s a strong signal that more people trust Ethereum and want to participate in securing it,” the firm ￰5￱ combination of rising Ether prices, currently hovering around $4,321, and relatively low gas fees has made staking more attractive to both retail users and corporate ￰6￱ increased staking activity also helps calm recent concerns about mass exits, which spiked when the staking exit queue briefly topped 1 million ETH on Aug. 29 before falling back by 20%. Ethereum currently has 35.7 million ETH locked in staking contracts—around 31% of the total supply, according to Ultrasound. Money. 3/ We believe the growth in the validator queue comes down to a mix of things: • Increase in network confidence: More people trust Ethereum’s long-term value and want to participate in securing it. • Great market conditions: Rising ETH prices and historically low gas fees… — ￰7￱ ( , ) (@eth_everstake) September 2, 2025 Notably, corporate treasury funds now hold 4.7 million ETH, worth over $20 billion, with the majority earmarked for ￰8￱ data shows more than 70 treasury participants have already begun deploying long-term staking ￰9￱ convergence of market conditions, price levels, and institutional involvement has pushed the staking entry and exit queues closer to balance for the first time since ￰10￱ equilibrium suggests a healthier staking environment and growing demand for yield generation on Ethereum’s base ￰11￱ ETH has slipped 12.4% from its Aug. 24 all-time high, long-term holders appear to be ￰12￱ of exiting, many are doubling down, waiting in line to earn yield ￰13￱ Lubin Predicts 100x ETH Surge Ethereum co-founder Joseph Lubin believes ETH could rally 100x or more over time , calling it Wall Street’s future infrastructure as TradFi shifts toward decentralized ￰14￱ an X post, Lubin said Ethereum will replace many siloed systems at institutions like JPMorgan and become the backbone for financial services, staking, and smart contract ￰15￱ the bullish stance of Fundstrat’s Tom Lee, Lubin stated he’s “100% aligned” with Lee’s view that Ethereum could flip Bitcoin in network ￰16￱ compared the moment to 1971 when the ￰17￱ left the gold standard, signaling a tectonic shift in financial architecture led by ￰18￱ emphasized that ETH represents a new kind of virtual commodity — “decentralized trust” — that institutions will be forced to ￰19￱ sees Ethereum’s decentralized rails powering everything from traditional finance operations to smart contract-based agreements, with massive upside as adoption scales globally.

Likewise, Lee has predicted that Ethereum will rally in the near term to $5,500 , with an ambitious year-end target of $12,000. During his August 26 guest appearance on the Amitis Investing program, Lee disclosed that institutional Wall Street sentiment toward Ethereum has shifted dramatically following the U. S. Senate’s passage of the GENIUS Stablecoin ￰20￱ emphasized that Ethereum is the foundational blockchain infrastructure for traditional finance (TradFi), currently supporting over $145 billion in stablecoin supply.