MetaMask's $1,000 validator exit could swell Ethereum's staking queue to $5 billion
- —MetaMask exited or queued 16,965 validators holding 565,056 ETH
- —Ethereum's entry queue stands at 1,398,922 ETH, an estimated 24-day wait
- —Lido expects its 252,288 ETH to return, with the full cycle taking up to 45 days
- —Entry throughput is 57,600 ETH per day, so the full cohort would take up to 9.8 days
Why it matters: The return of withdrawn ETH could strain Ethereum's staking entry queue and delay activation of new validators.
Source: CryptoSlate