Crypto

BitMine influx creates $8 billion Ethereum staking backlog

By Febspot
BitMine influx creates $8 billion Ethereum staking backlog — Cdn.sanity.io
Image source: Cdn.sanity.io

Tom Lee's BitMine has pushed Ethereum into an $8 billion staking backlog.

As a result, new validators now need to wait more than 44 days to start earning staking rewards.

That wait time is the biggest staking backlog on Ethereum since late July 2023.

Key Topics

Crypto, Bitmine, Tom Lee, Ethereum, Staking Backlog, Validators