Blur is shutting down its frontend on November 12th Blur is shutting down its frontend on November 12th. Blend stops matching new loans the same day. March 2023, Blur did $1.43 billion in monthly volume, over 80% of Ethereum’s NFT market. Three years later, under $7 million. BLUR is down over 99.7% from its peak. Same founder Pacman, two products shut down within two weeks. Blast closed citing operating costs exceeding revenue. Blur’s daily fee revenue right now is $0. We allocated into this space. What drove the numbers was points, airdrop farming, and leveraged bid liquidity. People were buying and dumping NFTs just to farm BLUR. Every buyer was the next seller. The farmers left a long time ago. Blend kept the exit and the leverage in place. Now both are gone. Blend’s wind-down is already triggering over 1,000 ETH in forced loan recalls. BAYC down 13% on the day. One final round of liquidations on the way out. #OpenSea #NFT #BLUR #M55Capital