Ethereum PoS Network Experiences Surge in Exit Queue

According to BlockBeats, the Ethereum Proof-of-Stake (PoS) network has seen a significant increase in its exit queue, with 2.656 million ETH valued at approximately $9.03 billion currently waiting to exit. The queue duration is estimated at 46 days and 3 hours. Meanwhile, the entry queue for the Ethereum PoS network remains high, with 725,000 ETH valued at around $2.47 billion waiting to enter. The entry queue delay is approximately 12 days and 14 hours. The surge in the exit queue is primarily attributed to Kiln's withdrawal of its validator nodes. Kiln has reportedly staked around 1.6 million ETH, and it is expected that these withdrawn ETH will be re-staked using new validator keys rather than being sold. On September 10, staking service provider Kiln announced that it would begin an orderly exit from all its Ethereum validator nodes due to the impact of a hacking incident involving SwissBorg, aiming to ensure the integrity of its staked assets.