After Ethereum (ETH) staking withdrawal times skyrocketed this summer, the situation now appears to be calming down. Although they remain particularly high, these times are currently at a 3-month low. Here’s an update.
The wait to withdraw from ETH staking drops below 20 days
Over the summer, we observed a surge in wait times for withdrawing 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% drop since then seems to point in that direction.
Although the wait to retrieve ETH deposited for staking is still particularly long, it has now fallen below the 20-day threshold, marking the first time this has happened since September 10:
Withdrawal and deposit times for Ethereum staking
As of today, there are over 1.13 million ETH in the withdrawal queue, with a wait time of 19 days and 16 hours, compared to 529,717 units in the deposit queue, with a wait time of 9 days and 5 hours.
On the validator side, after hitting a low of 995,060—the lowest since April 2024—the number has since risen to 997,713, while the total amount of Ether staked stands at 35.4 million, representing 29.19% of the current supply.
Following the crash on October 10, we can see that the staking withdrawal wait time has not experienced any new spikes, and it is therefore likely that this backlog will eventually dissipate once demand has stabilized.
Meanwhile, BlackRock has filed its application for an ETF incorporating staking, which could also drive the number of validators back up, regardless of price movements and the outflows occurring in parallel.
