{"id":16140,"date":"2025-09-18T06:01:20","date_gmt":"2025-09-18T04:01:20","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=16140"},"modified":"2025-09-18T06:01:20","modified_gmt":"2025-09-18T04:01:20","slug":"vitalik-stands-strong-on-ethereum-exit-strategy-in-response-to-galaxy-digital-concerns","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/18\/vitalik-stands-strong-on-ethereum-exit-strategy-in-response-to-galaxy-digital-concerns\/","title":{"rendered":"Vitalik Stands Strong on Ethereum Exit Strategy in Response to Galaxy Digital Concerns"},"content":{"rendered":"

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Ethereum co-founder Vitalik Buterin has ultimately addressed several worries regarding the extending Ethereum staking exit queue, which has now expanded to 45 days.\u00a0<\/p>\n

His reply followed Galaxy Digital\u2019s DeFi head, Michael Marcantonio, labeling the exit queue length as \u201cconcerning\u201d on X and contrasting it with Solana, which merely needs two days to unstake. He has subsequently removed the posts.\u00a0<\/p>\n

\u201cUnclear how a network that requires 45 days to return assets can be deemed a fitting candidate to fuel the next phase of global capital markets.\u201d<\/p><\/blockquote>\n

Deleted post from Galaxy Digital\u2019s DeFi chief. Source: <\/em>Etc.<\/em><\/a><\/figcaption><\/figure>\n

Nonetheless, Buterin seemingly adopted a more philosophical perspective on the matter, characterizing unstaking from Ethereum as \u201cmore akin to a soldier opting to leave the military,\u201d adding<\/a> that staking involves \u201cassuming a solemn obligation to protect the chain.\u201d<\/p>\n

\u201cDifficulty in resigning is part of the arrangement. An army cannot maintain cohesion if any fraction of it can abruptly depart at any moment.\u201d<\/p><\/blockquote>\n

In summary, the network remains exceptionally secure with over a million active validators and 35.6 million ETH staked, representing nearly 30% of the total supply.\u00a0<\/p>\n

That said, Buterin recognized that the current staking<\/a> queue structure was not ideal, but adjusting the constants would render the chain \u201csignificantly less reliable\u201d for nodes that do not frequently come online.\u00a0<\/p>\n

Ethereum exit queue soared to an all-time peak last week. Source: <\/em>ValidatorQueue<\/em><\/a><\/figcaption><\/figure>\n

Galaxy Digital acquired<\/a> $1.5 billion worth of Solana (SOL<\/a>) recently after collaborating with Multicoin Capital and trading entity Jump Crypto in a Solana treasury firm.\u00a0<\/p>\n

Galaxy Digital also became the inaugural Nasdaq-listed entity to tokenize its shares<\/a> on Solana.\u00a0<\/p>\n

Related: <\/strong><\/em>Ethereum unstaking queue escalates \u2018parabolically\u2019: What implications does it have for price?<\/strong><\/em><\/a><\/p>\n

Countering the staking FUD<\/h2>\n

Marcantonio seems to have withdrawn the posts following backlash from others.<\/p>\n

Former Consensys product manager Jimmy Ragosa criticized Marcantonio and Galaxy Digital, asserting<\/a> that based on his direct messages, the only outcome of the \u201cpersistent ETH FUD\u201d has been that \u201cmost players with any vested interest in Ethereum are now reevaluating their dealings with Galaxy.\u201d<\/p>\n

Source: Jimmy Ragosa<\/em><\/figcaption><\/figure>\n

\u201cEvidently, Galaxy had their DeFi head remove all Ethereum FUD-related content,\u201d remarked<\/a> crypto attorney Gabriel Shapiro, adding that \u201che was participating in profoundly misleading psychological operations.\u201d\u00a0\u00a0<\/p>\n

\u201cHonestly, I wish it had remained up because it only showcased Ethereum favorably, both technologically and culturally, but alas.\u201d<\/p><\/blockquote>\n

\u201cI will advise folks to cease doing business with Galaxy,\u201d declared<\/a> Ethereum educator Anthony Sassano, further stating:<\/p>\n

\u201cRemoving tweets does not alter the reality that the individual is their ‘Head of DeFi’ and lacks an understanding of the foundational aspects of this industry, focusing more on discrediting Ethereum than on the actual facts.\u201d<\/p><\/blockquote>\n

Solana supporter Mike Dudas aligned with Galaxy, declaring<\/a>, \u201cindividuals with a \u2018vested interest in Ethereum\u2019 are obliged to engage with inferior bankers rather than Galaxy, who have demonstrated with Solana that they can generate significant value through transactions and connect to a much broader array of stakeholders.\u201d<\/p>\n

Cointelegraph reached out to Marcantonio and Galaxy for feedback. <\/p>\n

Ethereum ecosystem remains robust\u00a0<\/h2>\n

The Ethereum<\/a> exit queue has decreased over the last few days, but remains elevated at 2.5 million ETH. Nevertheless, a substantial portion of this originates from Kiln Finance<\/a> following an exploit.\u00a0<\/p>\n

Currently, there are 512,000 ETH in the entry queue, which recently reached a two-year peak<\/a> amid institutional accumulation.\u00a0<\/p>\n

Magazine: <\/strong><\/em>XRP to revisit highs? Bitcoin won\u2019t remain stagnant for long: Hodler\u2019s Digest<\/strong><\/em><\/a><\/p>\n