A record staking queue has been recorded in the Ethereum network, with the volume of incoming applications exceeding $3.6 billion, marking the highest level since the Shanghai upgrade in 2023. For the first time since July 2025, the number of staking applications has surpassed the number of exit applications from the system.
This is reported by Business • Media
Details of the Record Ethereum Staking Queue
According to the Validator Queue service, as of September 4, 2025, there are 826,876 ETH (approximately $3.6 billion) in the queue for staking, while 815,757 ETH (around $3.55 billion) are in the exit queue. This is the first time since July 22 that the number of incoming applications has exceeded the number of exit applications in the Ethereum staking system.
The staking service provider Everstake highlighted the unprecedented surge in demand, emphasizing that similar queues were last observed during the Shanghai upgrade when the ability to withdraw staked coins was opened.
The surge in demand “reflects the largest queues since the Shanghai upgrade, which opened the ability to withdraw staked Ethereum.”
As a result of the significant increase in demand for staking, participants will have to wait about 15 days before their assets are activated in the network.
Market Impact and Expert Forecasts
Market experts note that despite the record queues, the balance between incoming and outgoing applications remains nearly even. This suggests that the total supply of staked Ethereum will remain stable, exceeding 36 million ETH.
As of early September 2025, the world’s second-largest cryptocurrency is trading at $4,352 (according to TradingView).
It is worth noting that in June 2025, the number of coins in staking reached an all-time high of over 35 million ETH. According to analysts at Bernstein, staking $1 billion in Ethereum generates about $50 million in annual revenue.