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.
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Summary
- Blur will close its NFT marketplace website on Nov. 12 and stop arranging new loans through Blend, though its Ethereum smart contracts will remain operational.
- Monthly trading volume plunged more than 99.5%, from about $1.43 billion in March 2023 to less than $7 million in March 2026, while the fee-free marketplace recorded no protocol revenue over the past three years.
- The closure follows the shutdown announcement for Blast, another project created by Tieshun Roquerre, and sent the BLUR token down more than 20%.
