Ethereum exit queue eases to 767,349 ETH after MetaMask exits

Key Summary

Ethereum's exit queue has decreased to 767,349 ETH after MetaMask exited, with an estimated wait of 13 days and eight hours to fully exit. This represents a drop from a peak of 851,000 ETH on October 2, primarily due to MetaMask Staking's exit after a security incident on September 30. Approximately 17,000 validators, holding 523,000 ETH, exited the queue, with most expected to re-enter the staking pipeline in up to 45 days. The current backlog of 1.44-1.5 million ETH waiting to stake suggests demand has not cooled, and the exit queue's decrease indicates the backlog is starting to drain.