After Ethereum's transition from POW to POS, it is necessary to stake Ethereum in order to become a validator and benefit from an annual return of 5%.
According to the latest on-chain data, the demand for Ethereum staking has increased dramatically. Investors who want to become a validator and earn passive income by locking their Ethereum to the network have to wait about 1 month to join the network.
While the waiting time for Ethereum staking is around 640 hours (26 days), the demand from investors who want to exit the network is realized in less than a minute.
According to Wenmerge data, around 50,000 validators are currently waiting in line to join the network.
The high demand stems from investors' belief in the rise in Ethereum and their desire to earn passive income from the ETHs they hold in the meantime.
With the Shapella update in April, investors were able to withdraw their staked ETH at any time. This increased the trust in the network.
Last week, there were approximately 200,000 Ether entries into the network. According to Nansen data, ETHs currently locked in the network make up 15% of the circulating supply.
