Ethereum staking demand has surged, with the queue to join the Ethereum PoS network reaching a 2023 high of 3,068,886 ETH, valued at approximately $8.98 billion. The current activation delay is estimated at 53 days and 7 hours. This increase is largely driven by Ethereum treasury companies and institutions like BitMine, which has staked 1,943,200 ETH, worth about $5.69 billion. Meanwhile, the Ethereum PoS network's staking exit queue has been cleared, allowing stakers to withdraw their ETH almost immediately.