ETH Exit Queue Hits All-Time High After Kiln Withdrawal Sparks $11 Billion Unstake
Ethereum’s validator system is underneath uncommon pressure. More than 2.5 million ETH, value roughly $11.3 billion, are presently ready to exit the community’s staking mechanism, stretching the exit queue to 44 days, the longest on file. The backlog was triggered when Kiln, a serious staking infrastructure supplier, withdrew all of its validators on September 9…
