Dramatic Decline in Ethereum Validator Aspirations
Since the Shapella upgrade, Ethereum’s queue of potential validators has dwindled to near emptiness.
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Since the Shapella upgrade, Ethereum’s queue of potential validators has dwindled to near emptiness.
The wait time to deploy new validators has shrunk from 45 days to 5 hours, signaling a substantial drop in interest for ETH staking.
This decline may be linked to the reduction in staking rewards to 3.5%, which aligns with a decrease in network activity on Ethereum.
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