Ethereum's staking queue has surged to its highest level since 2023, driven by increased institutional interest. On-chain data reveals that 860,369 ETH, valued at approximately $3.7 billion, is currently awaiting staking. This development follows a record high exit queue of over 1 million ETH on August 29, which has since decreased by 20%, indicating a slowdown in unstaking activity. Currently, 35.7 million ETH, worth around $162 billion, is staked, accounting for 31% of the total supply.