Arbitrum network's TVL fell below $5 billion, and ARB hit a new low of $0.74 in the early morning.

According to data from L2BEAT, the current TVL of the Arbitrum network is $4.89 billion as of September 12th, with a 7-day decline of 5.28%. Additionally, according to OKX market data, ARB has been on a downward trend since hitting a high of $1.35 in mid-July, and briefly fell below $0.74 in the early hours of today, now trading at $0.7578, with a decline of approximately 45% in the past two months and a 24-hour decline of 10.46%.