Recently, there has been an interesting phenomenon on the Ethereum validator side—the entrance queue size has hit a new all-time high for the first time in six months, nearly twice the size of the exit queue. What does this indicate? Simply put, more and more people want to become validators and participate in staking.

Behind this renewed staking enthusiasm, the main driving force comes from digital asset treasury companies like BitMine. They are actively expanding their Ethereum staking operations, attracting both institutional and individual investors. Additionally, expectations for the Pectra upgrade may also be playing a role in boosting market confidence—the market is optimistic about the post-upgrade yield prospects.

Data shows that the ratio of validator entrance queues to exit queues is shifting from balance to imbalance, indicating that market confidence in $ETH staking is indeed recovering. This is a positive signal for the security and participation level of the Ethereum network.