Ethereum’s upgrade Merge is on the way, Defi investors optimistic

Ethereum is the second-largest cryptocurrency in the market after Bitcoin.

According to a Bloomberg report, the DeFi sector, where investors earn yields by trading and staking cryptocurrencies without centralized intermediaries, has declined sharply following the collapse of the TerraUSD stablecoin, and as soaring inflation puts the Federal Reserve on a path of monetary tightening. The Ethereum “Merge,” one of the most significant technical upgrades to the blockchain since its inception in 2015, maybe one of the few catalysts that could give DeFi a much-needed lift.

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