DefiLlama data shows that Arbitrum’s total value locked (TVL) fell to $1.67 billion, the lowest level since mid-February. Among mature DApps such as Uniswap, 1inch, Radiant, SushiSwap and GMX on the Arbitrum network, the 30-day active addresses have also dropped significantly.
Furthermore, between September 9 and 11, the price of the Arbitrum (ARB) token experienced a massive 14.5% drop, reaching an all-time low.
