Blur to Close Its NFT Marketplace Website on Nov. 12 as Trading Volumes Collapse
Blur will close its marketplace website on Nov. 12, after monthly trading volume plunged from about $1.43 billion at its 2023 peak to under $7 million. The shutdown also follows the announcement that sister project Blast is winding down, and Blur plans to stop issuing new Blend loans.
Key takeaways
- Blur plans to close its marketplace website on Nov. 12.
- Blur’s monthly trading volume fell from $1.43B to under $7M.
- Blur will stop issuing new Blend NFT loans.
- Blur’s shutdown came ten days after sister project Blast announced its own closure.
- Decrypt reports NFT market revenue is projected at $318 million this year.
Blur, once one of Ethereum’s largest NFT marketplaces, plans to close its website on Nov. 12 as trading activity has sharply declined. Monthly volume fell from roughly $1.43 billion at its 2023 peak to less than $7 million.
The plan also includes stopping new loans through Blend, Blur’s NFT lending product. The announcement comes just ten days after sister project Blast said it would shut down.
What happens to Blur and Blend?
Blur’s website is scheduled to close on Nov. 12. The available reporting says the platform will stop offering new Blend loans, but does not specify what existing borrowers or lenders must do. Anyone using Blend should check Blur’s official instructions before the closure rather than assume current loans are automatically settled.
The scale of Blur’s volume decline is striking: its reported monthly trading went from about $1.43 billion at its 2023 peak to below $7 million. That is a drop of more than 99%, though the figures do not by themselves explain why individual users left.
Why does this matter for NFT users?
A marketplace closure can affect where people list NFTs and how they access platform-specific features. If you have assets, active listings or loans tied to Blur, the practical next step is to look for the platform’s shutdown guidance and review any terms for open positions.
Blur’s exit follows Blast’s shutdown announcement, linking two projects from the same ecosystem in a short period. That is a more specific warning for users than a general claim that crypto is slowing: activity and ongoing support can change even at recognizable platforms, so users should know how to access their assets without relying on one website.
Decrypt also places Blur’s closure against a wider decline in NFT trading, reporting that the NFT market’s revenue is projected at $318 million this year. That estimate gives context, but it does not establish that Blur’s shutdown alone reflects the health of every NFT collection or marketplace.
Frequently asked questions
When is Blur shutting down?
Blur plans to close its marketplace website on Nov. 12, 2026.
What is happening to Blend loans?
Blur plans to stop offering new Blend loans. The available reporting does not specify how existing loans will be handled, so users should check Blur’s official shutdown instructions.
How much has Blur trading volume fallen?
Monthly trading volume dropped from about $1.43 billion at its 2023 peak to less than $7 million, a decline of more than 99%.
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