ArkotNews

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.

The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.