Coinbase (COIN) stated in a research report on Friday that the Ethereum blockchain validator queue has been cleared for the first time since Shanghai was upgraded in May, indicating that investor demand for ETH staking is becoming stable. The report stated that as validator entries peaked in recent months, staking yields have dropped from over 5% to 3.5%. Activity on the Ethereum mainnet remained stable in the third quarter, while total transaction volume increased. Coinbase stated that if basic activity and transaction fees on the network remain consistent, staking yields are expected to remain stable due to a slowdown in validator growth.