Ethereum validator exit queue size reaches all-time high

PANews reported on July 29th that, according to TheBlock, as of July 26th, the number of Ethereum validators exiting the queue had reached 744,000 ETH, reaching an all-time high. In the previous two weeks, the average daily exit volume was only approximately 1,000 validators. Analysts believe this may be due to a liquidity shock on the Aave lending platform, with approximately 167,000 ETH (worth over $630 million) withdrawn from the Aave lending pool, causing the annual interest rate on wrapped ETH (wETH) lending to climb from approximately 3% to double digits. This rising interest rate turned previously profitable leveraged trading strategies using staked ETH (stETH) into losses, forcing traders to repay their loans and seek native ETH.

Ethereum validator exit queue size reaches all-time high

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