Ethereum’s validator exit queue has increased to a record $10 billion, but institutional participants, such as Grayscale, are stepping in to replace the exodus.
Update Oct. 8, 12:17 p.m. UTC: This article has been updated to include comments from Nansen’s Nicolai Sondergaard and RedStone’s Marcin Kazmierczak.
Update Oct. 8, 12:45 p.m. UTC: This article has been updated to include a comment from Falcon Finance’s Andrei Grachev.
Ethereum recorded its largest validator exit on record this week, with more than 2.4 million Ether worth over $10 billion awaiting withdrawal from its proof-of-stake network, but institutional participants are replacing much of that in the validator entry queue.
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