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On January 24, according to the validator queue tracking data from validatorqueue, the number of ETH waiting in the queue to join the Ethereum PoS network has been continuously increasing since December 26, 2025, reaching a new high of 3,120,542 ETH, worth approximately $9.24 billion. The estimated activation delay is about 54 days and 4 hours. This reflects a sustained strong demand for staking, mainly from Ethereum treasury companies and institutions like BitMine, which have recently staked a large amount of their ETH holdings. The Ethereum PoS network staking exit queue has been cleared, and currently, there are no large numbers of users choosing to redeem ETH from staking. This means stakers can now almost immediately withdraw their ETH.