The entry and exit queues for Ethereum blockchain validators have dropped to new lows, briefly hitting zero earlier today, according to data from Validator Queues.

This marks a significant change in the staking landscape. In May 2023, over 90,000 validators waited more than 40 days to join the network. As it stands, merely a few validators are in the entry and exit queue — and their initiation process is almost immediate.

Additionally, the exit queues for validators intending to withdraw their staked ETH and cease validation are minimal, standing at just under five. This implies that existing validators are largely content to maintain their stakes amid the changing dynamics of the staking environment. The time required to complete the exit process has also been reduced to roughly 15 …