Once-largest Ethereum NFT marketplace Blur is shutting down after volumes collapse 99%
- Published
Blur will shut down its website on Nov. 12 after Ethereum NFT trading volume fell sharply from its 2023 peak. Its public frontend is set to close, while the on-chain protocol stays active and Blend will stop matching new loans.
Key claims & sources
What it means
Users and traders who still interact with Blur’s website will notice the change on Nov. 12, when the public front end is set to close. The on-chain protocol remains operational, so the change is at the website layer rather than the underlying contract layer.
In practice, the public marketplace interface will no longer be available, but the on-chain protocol is still described as remaining operational. Blend will also stop matching new loans, so loan activity through that service will no longer continue in the same way.
Market reaction i
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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Has this happened before?
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