NFT News Daily TheBittimes.com

Ethereum validator queue at an all-time low. Staking demand wanes as wait times plummet. At press time, the entry queue for Ethereum only had 377 validators. The Ethereum network’s validator queue once jam-packed with applicants eager to participate in the blockchain’s proof-of-stake system, has reached an all-time low. Data reveals that the queue has dwindled to just 598 validator s, a stark contrast to the staggering peak of over 96,000 seen in early June. This significant reduction in the validator queue marks a remarkable development in the Ethereum ecosystem, as it has not been this empty since the major “Shapella” upgrade in April, which finalized Ethereum’s transition to a fully functioning proof-of-stake network. Staking demand declines The shrinking validator queue is indicative of the diminishing staking demand on the Ethereum network. At its peak, individuals seeking to become validator s faced a daunting 45-d...

With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs. Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727. In nearly a decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times — implying that total crypto ATMs worldwide were steadily increasing. However, the trend is reversing, reveals Coin ATM Radar data. Net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM Radar As shown above, net crypto ATM installations decline d for four month s — September 2022 and the first three month s of 2023. However, with 3,627 crypto ATMs going down last month makes March 2023 stand out as the month with...