Key Metrics
16.22
Heat Index-
Impact LevelMedium
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Scope LevelGlobal
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Last Update2025-11-04
Key Impacts
Negative Impacts (9)
Event Overview
The surge in Ethereum validators exiting the network leads to a bottleneck in the unstaking process, raising concerns over potential price volatility and network stability. The growing queue reflects underlying tensions in the blockchain's economic and operational dynamics.
Collect Records
Ethereum's Validator Exit Queue Swells, Causing Concerns
Ethereum is experiencing a significant increase in the number of validators exiting, with the unstaking queue growing parabolically. Since mid-August, the validator exit line has swelled by 188%, leading to a gridlock in the ETH exit queue. This trend is causing concerns about its potential impact on the price and overall network stability. As of mid-September, approximately 2.5 million ETH (valued at around $11.25 billion) is waiting to exit the validator set, resulting in wait times exceeding 46 days, the longest period in Ethereum's staking history. On September 9, Kiln, a major infrastructure provider, decided to exit all its validators as a precaution due to recent security incidents, such as the NPM supply chain attack and the SwissBorg breach, adding about 1.6 million ETH to the exit queue.