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.
20 Articles
20 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.
coin-turk.com
BITRSS🛑 $Blur will shut down its website on November 12th; Blend will cease new lending operations. 📉 Monthly transaction volume dropped from $1.43 billion in March 2023 to below $7 million in March 2026. 💰 Following the closure announcement, BLUR fell by more than 20% to approximately $0.015. ⏳ Blend users need to pay off their debts by November 12th; Blur's smart contracts on Ethereum will continue to operate. Read More: NFT giant Blur is closing…
Blur to Close Frontend Nov 12 as Volume Drops 99.5%
Ethereum-based NFT marketplace Blur will discontinue its official website frontend on November 12, 2026, and stop matching new loans through its Blend lending protocol, marking a significant retreat for one of the most prominent platforms of the previous NFT market cycle. Blur announced the decision on October 12, clarifying that its underlying marketplace smart contracts will remain operational on-chain. The BLUR token will also retain its gove…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
