BitGo COO Chen Fang writes yield-bearing staked ether is a cushion during market drops, but developers need to solve problems caused by the growing number of validators and stakers.
At the same time, the entry queue for staking has also decreased since Shapella to more normalized levels from a high of 46 days. The entry queue currently stands at just, with nearly 20,000 validators looking to begin staking. In U.S. dollar terms, this represents about $1.5 billion worth of ETH sitting on the sidelines and a healthy demand for staking. Other observers expect the proportion of ETH that is staked to increase significantly over the next few years.
In one way, this is a good problem to have — the number of validators and nodes are growing because interest in Ethereum is growing. However, to improve the experience of using Ethereum from everyone and to compete with other blockchains, Ethereum developers will need to reconcile this issue.
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