Blur NFT Marketplace to Cease Operations, Halt Blend Loans in November
Blur will shut down its website and stop new Blend loans amid declining NFT market activity.
Blur will shut down its website and stop new Blend loans amid declining NFT market activity. This is an original TLT brief synthesising 2 outlets (Decrypt, Crypto Daily), plus live market data, as of Thu, 15 Oct 2026 02:00:04 UTC.
The shutdown reflects the broader downturn in NFT trading volumes and highlights the challenges faced by NFT platforms in a declining market. The cessation of Blend loans, a significant DeFi product, will impact liquidity in the NFT lending space.
- Blur.io website to shut down on November 12.
- New Blend loan matching will cease next month.
- NFT trading volumes have fallen significantly from 2021-2022 peaks.
- Blend TVL is $138.77M, down 8% in the last week.
Decrypt and Crypto Daily both report that Blur will shut down its website (blur.io) on November 12 and halt new Blend loan matching. They agree that this decision comes amid a sharp decline in NFT trading volumes, with the market revenue projected at $318 million for this year according to Decrypt. However, Crypto Daily provides the specific detail about the Blend protocol remaining on-chain, while Decrypt focuses more on the market revenue projection.
Blur, a prominent NFT marketplace, has announced it will shut down its website (blur.io) on November 12 and stop new Blend loan matching, according to reports from Decrypt and Crypto Daily.
The decision comes as the NFT market continues to struggle, with trading volumes significantly lower than their 2021-2022 peaks. Market revenue is projected to be $318 million this year, a substantial decline from previous years.
Multiple outlets confirm that while the Blur marketplace frontend will be deprecated, the underlying protocol will remain on-chain. This suggests that the platform's infrastructure will still be accessible, but without the user-friendly interface.
The Blend lending platform, which has a Total Value Locked (TVL) of $138.77 million according to DeFiLlama, will also cease new loan matching. This represents an 8% decrease in TVL over the past week, indicating a reduction in liquidity and activity.
The broader crypto market remains in a state of uncertainty, with the total market cap at $2.82 trillion and 
Bitcoin experiencing a 1.90% decline in the last 24 hours. The Fear & Greed Index stands at 53, indicating a neutral market sentiment.
Figures and sectors in this story, checked live against on-chain aggregators · October 15, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Blur NFT Marketplace to Cease Operations, Halt Blend Loans i — questions & answers
Why is Blur shutting down its website?
The shutdown is due to the significant decline in NFT trading volumes from their 2021-2022 peaks.
What will happen to the Blend lending platform?
New Blend loan matching will cease next month, but the protocol will remain on-chain.
How much is the Blend TVL and what does it indicate?
Blend TVL is $138.77M, down 8% in the last week, indicating reduced liquidity and activity.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Decrypt, Crypto Daily, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.