Crypto investors are hoping Ethereum's Merge upgrade will save the crypto market from the current bear market. The highly anticipated Merge upgrade will fix many of Ethereum's problems.
TVL Experienced a New Fall
The total value of assets locked in the market has experienced a recent decline. DeFi TVL is below $110 billion, its lowest level since October 2021. The reason for the collapse is the collapse of the Terra ecosystem and increasing inflation. The US Federal Reserve's implementation of some monetary policy is one of the things that caused this decline.