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COINOTAG News (September 3) cites on-chain data from the Validator Queue tracking site, noting that queued ETH withdrawals have reached new highs since August even as the price of Ethereum has appreciated. The update highlights a continuing rise in the staking rate, with on-chain participation metrics showing sustained momentum rather than isolated volatility.
According to the tracker, total Ethereum staking participation stands at 35.629 million ETH, an increase of 1.525 million ETH from last September’s 34.104 million ETH, representing approximately 29.45% of circulating supply. The report also records that the lowest staking participation in nearly a year occurred in March, coinciding with a period of weak market prices, underscoring correlations between market conditions and validator behavior observed in the data.
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