NFTs

Why Blur, Once the Biggest NFT Marketplace, Is Shutting Down

Loser Buddy

01

Blur, once the largest Ethereum NFT marketplace, is shutting down its website on November 12, 2026.

02

Blur's monthly NFT trading volume peaked near $1.43 billion in March 2023.

03

By October 2026, that monthly volume had fallen below $7 million, a drop of more than 99.5%.

04

Blend, Blur's NFT lending platform, stops matching new loans on the same date.

05

The BLUR token dropped sharply on the news and now trades over 99% below its all-time high.

06

Blur's on-chain marketplace contracts keep running even after the website goes dark.

07

The shutdown follows Blast, a related Ethereum layer-2 network, closing down ten days earlier.

08

NFT trading volume across the market has been shrinking for years, not just at Blur.

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