Blur NFT Marketplace to Close Website and Halt Blend Loans on November 12
Blur announced it will shut down its website frontend and stop new Blend loans on November 12, 2026, after trading volume collapsed over 99% from its 2023 peak.
Read this event in Indonesia
Why it matters
The closure marks the end of the largest Ethereum NFT marketplace by volume at its peak, reflecting the broader NFT market contraction. The on-chain protocol surviving without its primary interface tests whether decentralized marketplaces can function without a dedicated frontend.
Where the sources disagree
BLUR token price and market capitalization after announcement
down 29.1% to $0.01341, market cap ~$38.75M
Crypto.News
down more than 20%
CoinDesk
down 31.82% to near $0.01280
Crypto News Flash
crashed up to 29% to around $0.015
CoinGape
down about 34% to $0.0123, market cap ~$35.8M
Unchained
price remains stagnant at $0 with no volume (Coinfomania); dropped over 20% to ~$0.015 (Cryptopolitan); dropped 29.1% to $0.01341 (crypto.news)
Bitcoin Insider
Sources report different percentage drops, price levels, and market cap figures for the BLUR token following the shutdown announcement
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
size of the move (plunged)
29.1%
Crypto.News
99.5%
CoinDesk
Crypto.News reports 29.1%, CoinDesk reports 99.5% (71% apart).
reported market figure
$0
Bitcoin Insider
$1.43
CoinGape
Bitcoin Insider reports $0, CoinGape reports $1.43 (100% apart).
reported market figure
$0
Bitcoin Insider
$1.43
Bankless
Bitcoin Insider reports $0, Bankless reports $1.43 (100% apart).
size of the move
20%
Bitcoin Insider
99.5%
CoinDesk
Bitcoin Insider reports 20%, CoinDesk reports 99.5% (80% apart).
reported market figure (2023 march)
$7
CoinGape
$1.43
Bankless
CoinGape reports $7, Bankless reports $1.43 (80% apart).
Key facts
Blur will shut down its website frontend on November 12, 2026
Reported by Crypto.News
Blend will stop matching new loans on November 12, 2026
Reported by Crypto.News
Borrowers must repay outstanding Blend loans or allow them to default by November 12, 2026
Reported by Crypto.News
Blur will provide a withdrawal tool for Blend assets after November 12, 2026
Reported by Crypto.News
Blur's on-chain marketplace protocol will remain operational after the frontend shutdown
Reported by Crypto.News
BLUR token holders will retain control of the protocol's fee switch
Reported by Crypto.News
Monthly trading volume fell from about $1.43 billion in March 2023 to under $7 million in March 2026, a decline of more than 99%
1,430,000,000 USDReported by CoinDesk
The announcement was made via Blur's official X account on October 12, 2026
Reported by Crypto.News
What happened
Blur will deprecate its blur.io frontend on November 12, 2026, while its on-chain marketplace protocol remains operational and BLUR token holders retain control of the fee switch. The Blend peer-to-peer NFT lending platform will stop matching new loans the same day, requiring borrowers to repay or default by that date, with a withdrawal tool promised afterward. The announcement, posted on X on October 12, followed a 99.5% trading volume collapse from $1.43 billion in March 2023 to under $7 million in March 2026, and came ten days after sister project Blast announced its closure. The BLUR token fell sharply across exchanges, though sources report varying percentage drops and price levels. Blur gave no reason for retiring the site in its three-post thread.
How the story developed
- Official statement
Blur announces frontend shutdown and Blend loan halt via X
Blur posts three-thread announcement on X stating website will close November 12, Blend stops matching new loans same date, on-chain protocol remains live
- First report
First report by Crypto.News
BLUR price crashes 29% as NFT marketplace plans shutdown
- Update
Crypto.News reports BLUR token crashes 29% on announcement
First major outlet reports sharp token selloff with specific price and market cap figures
- Update
Bitcoin Insider highlights conflicting BLUR price data across sources
Aggregator notes Coinfomania, Cryptopolitan, and crypto.news report materially different token prices and volumes
- Independent corroboration
Independently corroborated by CoinDesk
Once-largest Ethereum NFT marketplace Blur is shutting down after volumes collapse 99%
- Update
CoinDesk publishes independent report confirming shutdown details and volume collapse
CoinDesk reports 99.5% volume collapse from $1.43B to under $7M, notes zero protocol revenue over three years
- Official statement
Official statement from Bitcoin.com News
Ethereum NFT Marketplace Blur to Shutter After Trading Volume Vanishes
- Update
Multiple independent outlets confirm shutdown details throughout October 13
Crypto News Flash, CoinGape, Decrypt, Unchained, Bankless, CryptoPotato, and Bitcoin.com News all publish confirming reports
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 13 Oct 2026, 04:34 UTC: Crypto.News — 1 independent source, 1 reports
- 13 Oct 2026, 04:43 UTC: CoinDesk — 2 independent sources, 3 reports
- 13 Oct 2026, 06:00 UTC: Crypto News Flash — 3 independent sources, 4 reports
- 13 Oct 2026, 06:53 UTC: CoinGape — 4 independent sources, 5 reports
- 13 Oct 2026, 07:30 UTC: TheNewsCrypto — 5 independent sources, 6 reports
- 13 Oct 2026, 09:12 UTC: Decrypt — 6 independent sources, 7 reports
- 13 Oct 2026, 10:19 UTC: Unchained — 7 independent sources, 9 reports
- 13 Oct 2026, 16:22 UTC: Bankless — 8 independent sources, 10 reports
- 13 Oct 2026, 17:36 UTC: CryptoPotato — 9 independent sources, 11 reports
- 13 Oct 2026, 21:40 UTC: Bitcoin.com News, official — 10 independent sources, 12 reports
- 13 Oct 2026, 23:09 UTC: Crypto News (CryptoNews.net) — 11 independent sources, 13 reports
Affected entities
Also mentioned: KuCoin
Original sources
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