🌋 Dramatic Decline in Ethereum Validator Aspirations

posted  13 Oct 2023
Photo - Dramatic Decline in Ethereum Validator Aspirations
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.