Blur Retires Trading Website and Halts Blend Loans

NFT marketplace and lending protocol Blur is retiring its trading website on November 12, according to an October 12 notice reported by CryptoNews. While the frontend interface will close, the protocol's marketplace contracts on Ethereum will remain operational.

Simultaneously, the Blend lending service will stop matching new loans on November 12. Borrowers with open positions must repay their loans by the cutoff date or face the protocol's default process. Blur stated it will provide a separate withdrawal interface after the deadline for users to retrieve remaining assets from Blend, though launch details were not specified.

Volume Decline Across NFT Venues

Blur's exit from the interface business follows similar contractions across the digital asset ecosystem. CoinDesk marketplace data cited by CryptoNews indicates Blur's monthly trading volume fell from roughly $1.43 billion in March 2023 to under $7 million in March 2026.

Other venues have faced similar declines. X2Y2 shut down its marketplace in April 2025 following $5.6 billion in lifetime volume, while Binance NFT ended operations in July 2026. Magic Eden concluded Bitcoin and EVM NFT trading in March 2026, and MakersPlace and Foundation wound down operations through 2025 and 2026 amid deteriorating conditions for digital art.

Governance and Token Controls

Following the website shutdown, holders of the BLUR token will retain control of the protocol's fee switch. The project noted that this is a defined governance role rather than a guarantee that fees will be activated or distributed. The utility of the fee switch will depend on future trading activity and decisions made by token holders.

Key facts

• Blur will retire its trading website and stop matching new Blend loans on November 12.
• Ethereum marketplace contracts will remain operational after the frontend closes.
• Monthly trading volume on Blur dropped from about $1.43 billion in March 2023 to under $7 million in March 2026.
• Borrowers using Blend must repay existing loans by November 12 or face default, with a withdrawal tool promised for later.
• BLUR token holders retain governance control over the protocol fee switch.