Blur to Shut Down Website and End New Blend Loans on November 12, 2026
On October 12, it was revealed that the Ethereum NFT marketplace Blur will shut down its blur.io site on November 12, 2026, and cease matching new loans on its NFT lending platform, Blend. Although the smart contracts will continue to function, users might need to find different interfaces. Governance rights will remain with BLUR tokenholders. Borrowers using Blend must settle their loans by November 12 to avoid default, with a withdrawal tool available afterward. Following the announcement, the BLUR token plummeted over 30% to approximately $0.012 on October 13, leading to a market cap of around $38 million. Monthly trading volume has drastically decreased from $1.43 billion in March 2023 to under $7 million by March 2026, while the overall NFT market also faced a downturn, with September 2026 sales reaching $167.2 million. Concerns regarding the security of Blur's smart contracts have been raised, and a representative from SushiSwap has shown interest in acquiring Blur.
Key facts
- Blur will shut down its website on November 12, 2026, and stop arranging new Blend loans on the same date.
- The announcement was made on October 12, 2026, via Blur's X account.
- Blur's trading volume has fallen more than 99% from its 2023 peak, with monthly volume below $7 million by March 2026.
- The BLUR token dropped over 30% within 24 hours, reaching approximately $0.012 on October 13, with market cap around $38 million.
- Blur's underlying marketplace protocol will remain operational on Ethereum, and BLUR holders retain governance rights over its fee mechanism.
- Blast, an Ethereum layer-2 network by the same founding team, announced its closure on October 2, 2026, with users able to withdraw funds until October 26.
- Monthly NFT sales fell to $167.2 million in September 2026, compared to $554.8 million a year earlier and $1.78 billion in December 2023.
- Blockchain researcher 0xQuit warned that upgradeable contracts could pose risks if administrative controls were compromised, though no existing vulnerabilities were identified.
Entities
Artists
- Tieshun Roquerre
- Pacman
- 0xQuit
- Figge
- Luca Netz
Institutions
- Blur
- Blend
- Blast
- OpenSea
- CoinGecko
- CryptoSlam
- Statista
- DappRadar
- Token Terminal
- Revoke.cash
- Yuga Labs
- Pudgy Penguins
- SushiSwap
- NFT Plazas
Locations
- Ethereum