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Blur Token Hits Record Low After NFT Marketplace Announces Website Shutdown

Blur (BLUR) token fell to a report low of $0.01267 on October 13. The drop got here after the NFT market mentioned it will shut down its web site on November 12, 2026.

The token traded at $0.01347 at press time, down 28.43% over 24 hours, BeInCrypto Markets knowledge exhibits. Its 24-hour buying and selling quantity reached $56.06 million.

Blur (BLUR) Token Price Performance. Source: BeInCrypto Markets

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Blur Closes the Front Door on Its NFT Marketplace

Blur introduced the plan in a publish on X. The shutdown covers only the web site frontend, so {the marketplace} contracts will maintain working onchain.

“The Blur market protocol will stay operational on-chain, and $BLUR will proceed to regulate its charge change,” the announcement learn.

Blend, Blur’s NFT lending protocol, may even cease matching new loans on November 12. Borrowers should repay earlier than then or let their loans default.

Blast, the Ethereum layer-2 community additionally based by Tieshun “Pacman” Roquerre, started its own wind-down 10 days earlier. It gave customers till October 26 to withdraw by means of its interface.

Blur’s Locked Value and Fees Were Already Fading

For Blur, the shutdown follows an extended decline in its personal onchain numbers. Its total value locked (TVL) stands at $22.63 million, DefiLlama knowledge exhibits. That is down from a peak of about $215.9 million on March 9, 2024.

Blur’s charges peaked at $25.58 million within the first quarter of 2023. By the primary quarter of 2025, they’d fallen to $2.33 million. In the third quarter of 2026, Blur collected simply $0.51, and the previous 30 days present none.

Blur TVL and Fees. Source: DefiLlama

Data exhibits the WETH held in Blur’s bidding pool fell from about 6,991 to six,703 between October 12 and 13. Blend’s TVL dropped from $7.03 million to $5.69 million over the identical interval.

The variety of blue-chip NFTs held as Blend collateral additionally fell by about 160. Azuki dropped from 271 to 229, whereas Pudgy Penguins went from 289 to 259.

The subsequent take a look at comes on November 12, when Blend stops new loans, and the web site goes darkish.

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The publish Blur Token Hits Record Low After NFT Marketplace Announces Website Shutdown appeared first on BeInCrypto.

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