[Number of Ethereum Validators Drops to April 2024 Levels]
The number of Ethereum validators has decreased by approximately 10% since July, falling back to April 2024 levels. This marks the first sustained decline in validators since Ethereum transitioned to the Proof-of-Stake mechanism. As of November 11, the daily active number of Ethereum validators fell below 1 million for the first time since April 28, reaching 999,203. The exit queue waiting time hit a record high of 17.6 days, while the waiting time to join as a validator rose to 22 days. Approximately 1.2 million ETH are waiting to be staked, which may be related to the decline in staking rewards.