BLUR plunges 34%: Why is the once-dominant NFT marketplace shutting down?
BLUR fell 34% in a day. Why is the once-leading NFT
trading giant suddenly shutting down its website?
The answer: Blur announced that its trading website will be discontinued on November 12.
Monthly trading volume was about $1.43 billion in March 2023, but by March 2026 it had fallen to less than $7 million—a drop of over 99.5%.
Note: It’s the website that’s being shut down, not the on-chain trading contracts.
Blend will also stop matching new loans that day.
Even more unusually:
BLUR’s trading volume reached about $60.5 million in a day, exceeding its circulating market cap of about $35.8 million—but trading volume is not the same as net inflows.
BLAST, the scaling network token from the same team, had previously announced its exit, and ME, an NFT marketplace token, is also falling today.
After the reward-fueled boom fades, what can the next wave of the NFT market rely on to retain real users?
#BLUR $BTC $BLUR
BLUR fell 34% in a day. Why is the once-leading NFT
trading giant suddenly shutting down its website?
The answer: Blur announced that its trading website will be discontinued on November 12.
Monthly trading volume was about $1.43 billion in March 2023, but by March 2026 it had fallen to less than $7 million—a drop of over 99.5%.
Note: It’s the website that’s being shut down, not the on-chain trading contracts.
Blend will also stop matching new loans that day.
Even more unusually:
BLUR’s trading volume reached about $60.5 million in a day, exceeding its circulating market cap of about $35.8 million—but trading volume is not the same as net inflows.
BLAST, the scaling network token from the same team, had previously announced its exit, and ME, an NFT marketplace token, is also falling today.
After the reward-fueled boom fades, what can the next wave of the NFT market rely on to retain real users?
#BLUR $BTC $BLUR