BLUR Price Crashes 29% as NFT Marketplace Plans Shutdown
The NFT trading platform said users can still access the blockchain protocol, while Blend borrowers must repay or default before the deadline.
- Blur announced plans to shut down its website frontend on November 12, 2026, while simultaneously halting new loan matching through its Blend lending protocol on the same date.
- The decision comes shortly after Blast, an Ethereum layer-2 blockchain developed by Blur founder Tieshun 'Pacman' Roquerre and his team, announced plans to wind down operations due to unsustainable operating costs.
- Following the announcement, BLUR recorded a sharp selloff, falling 29.1% over the past 24 hours, while the token had lost 77.2% over the past year.
- Borrowers have until November 12 to repay outstanding loans or allow them to default, while Blur will provide a frontend tool after the deadline to facilitate asset withdrawals.
- Despite the frontend closure, Blur confirmed the marketplace protocol will remain operational on-chain, and BLUR will continue to control its fee switch, preserving the blockchain-based trading infrastructure.
12 Articles
12 Articles
Once-largest Ethereum NFT marketplace Blur is shutting down after volumes collapse 99%
Blur will close its website on Nov. 12 after monthly trading fell from about $1.43 billion at its 2023 peak to under $7 million, ten days after sister project Blast announced its own shutdown.
Blur closes the site on November 12 and Blend to broker new loans after falling by more than 99% in the volume of NFTs
Blur to shut NFT marketplace frontend on November 12 as volume collapses
Blur, the NFT trading platform, will shut its operations and stop Blend matching new loans starting November 12, 2026, as announced on October 12. This development occurs in light of ongoing declines in NFT trading and creates a new level of uncertainty for BLUR owners and borrowers. The frontend goes dark, the protocol stays onchain...
Blur to shut frontend as NFT trading volume collapses
Blur, the NFT trading platform, will shut its operations and stop Blend matching new loans starting November 12, 2026, as announced on October 12. This development occurs in light of ongoing declines in NFT trading and creates a new level of uncertainty for BLUR owners and borrowers. The frontend goes dark, the protocol stays onchain Blur is shutting down its website, but it is keeping its marketplace protocol operational. Users will be able to …
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