After withdrawal delays for Ethereum (ETH) staking skyrocketed this summer, the situation now seems to be calming down. Although they are still particularly high, these delays are currently at a three-month low. We take stock of the situation.
The wait to withdraw from ETH staking falls below 20 days
Over the summer, we saw an explosion in the time it takes to withdraw ETH from staking on Ethereum. Despite an all-time high (ATH) of $4,946 on August 24, we were concerned about the possibility of massive sell-offs ahead, and the more than 37% decline since then seems to point in that direction.
Although the wait to recover ETH deposited in staking is still particularly long, it has now fallen below the 20-day threshold, which is a first since September 10:
To date, there are more than 1.13 million ETH in the withdrawal queue, representing 19 days and 16 hours, compared to 529,717 units on the deposit side, representing a delay of 9 days and 5 hours.
On the validator side, after hitting a low since April 2024 at 995,060, validators have since risen to 997,713, while the total amount of Ether staked is 35.4 million, or 29.19% of the current supply.
Following the crash on October 10, we can see that the staking withdrawal delay has not experienced any new spikes, so it is likely that this queue will eventually fade away once demand has stabilized.
While BlackRock has filed its application for an ETF that includes staking, this could also cause the number of validators to rise again, regardless of price action and parallel outflows.
