According to Decrypt, the queue of Ethereum validators has recently grown significantly, indicating that large investors, corporations, and cryptocurrency exchanges are more inclined to stake their ETH holdings rather than sell during recent market conditions. Data shows that approximately 3.4 million ETH are currently waiting to enter the validator set, forming one of the longest staking queue records since the network shifted to PoS, with an estimated wait time of up to 60 days. This number has increased markedly from about 904,000 ETH in early January. Analysts suggest that the narrative surrounding Ethereum's potential in payment infrastructure and AI-related applications may also be driving this demand.