Blur to shut NFT marketplace website as volume plunges more than 99.5%

Data shows that Blur accounted for more than 70% of Ethereum NFT trading volume in March 2023; Blur said it will shut its NFT marketplace website on November 12, 2026, and stop matching new loans through Blend.

The move concerns the website front end and new Blend lending service. Blur’s underlying Ethereum smart contracts will continue to operate, and BLUR holders still control the fee switch, so the closure does not mean the on-chain market system disappears.

Blur said Blend will stop matching new loans on November 12, 2026. Borrowers must repay by their deadlines or allow loans to default; afterward, the platform will provide front-end tools to help users withdraw assets.

Monthly trading volume fell from about $1.43 billion in March 2023 to less than $7 million in March 2026, a decline of more than 99.5%.

Launched in 2022, Blur challenged OpenSea with faster trading, low fees and token rewards.

Token Terminal records show zero protocol revenue for Blur over the past three years. The data does not indicate whether Blur generated revenue from lending services or other activities.