According to ME News, on July 31 (UTC+8), Thomas Brunner, Head of Custody and Staking at Sygnum Bank, stated that Ethereum’s current validator staking queue of approximately 43 days is not solely a bullish signal; a significant portion stems from mechanism changes following the Pectra upgrade, including the increased individual validator cap to 2,048 ETH and support for automatic compounding, which has led large institutions to frequently “top up” existing validators—each small top-up requiring entry into the same queue. He noted that a more meaningful indicator is the nearly empty exit queue, showing almost no one is unstaking; around 41.2 million ETH (approximately 33.8% of the circulating supply) is currently staked. Institutions continue to view staking rewards as an “intrinsic” attribute of ETH, favoring long-term holding, and regard privacy protection as a key barrier to broader institutional participation in the future. (Source: PANews)
Sygnum Bank: 43-Day ETH Staking Queue Reflects Mechanism Changes, Not Demand
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Summary
Thomas Brunner, Head of Custody and Staking at Sygnum Bank, said the 43-day Ethereum validator node staking queue primarily results from mechanism changes following the Pectra upgrade. A 2,048 ETH cap per validator and auto-compounding support have prompted large institutions to frequently top up existing validator nodes, each top-up adding to the queue. The nearly empty unstaking queue indicates that almost no ETH is being withdrawn. Currently, approximately 41.2 million ETH is staked, representing 33.8% of the circulating supply. Institutions continue to view staking yield as an intrinsic attribute of ETH and favor long-term holding. Privacy protection remains a key barrier to scaling institutional participation in the consensus mechanism.
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