Even if every ETH were staked, the yield would still sit near 1.5%, so there is always a reason to add more. Jérôme de Tychey, one of the proposal's authors, projects more than 70 million ETH staked by January 2028 if nothing changes. About 41 million ETH is staked today, or close to 34% of supply. Another 2.5 million sits in the queue waiting to be activated, trackers show, a wait of six weeks or more, and nobody is queuing to leave. Entry queue is ETH waiting to start staking, exit queue is ETH waiting to stop.