Blur Marketplace and Blend Lending Protocol to Cease Operations
- The NFT marketplace Blur will shut down its website on November 12, 2026.
- Blur’s lending protocol, Blend, will also stop facilitating loans on the same date.
- Trading volume on Blur has plummeted from a peak of nearly $1.43 billion in March 2023 to $19.15 million in September.
- The price of BLUR token fell by approximately 35% in one day, reaching $0.0115.
- Ethereum Layer-2 network Blast is set to shut down by October end.
Blur’s impending shutdown marks a significant retreat in the NFT market, which has seen a dramatic decline in trading volumes and asset values since early peaks in Ethereum NFT trades.
As Blur exits the scene amid falling trading volumes and token prices, it reflects broader challenges facing NFT platforms as demand wanes and market dynamics shift significantly from their peak periods.Source
