Blur NFT Marketplace to Shut Down as Trading Volume Plummets 99%
The once-dominant Ethereum NFT marketplace will close on November 12 after monthly trading volume collapsed from $1.43 billion to under $7 million.
The once-dominant Ethereum NFT marketplace will close on November 12 after monthly trading volume collapsed from $1.43 billion to under $7 million. Ethereum (ETH) is trading at $2,527.58, up 0.5% since this brief published. This is an original TLT brief synthesising 2 outlets (CoinDesk, Crypto.news), plus live market data, as of Tue, 13 Oct 2026 06:00:14 UTC.
Blur's shutdown marks a significant shift in the NFT market landscape, highlighting the sector's volatility and the challenges faced by platforms that previously dominated the space. The closure also affects associated projects like Blast and Blend, impacting users and investors in those ecosystems.
- Blur's monthly trading volume dropped from $1.43B to under $7M.
- The platform will cease operations on November 12, 2023.
- Associated project Blast announced its shutdown ten days prior.
- BLUR token price fell 29% to $0.01341 following the announcement.
CoinDesk and Crypto.news both report that Blur will shut down its website on November 12, 2023, after monthly trading volume plummeted from approximately $1.43 billion at its 2023 peak to under $7 million. They also agree that the closure follows the recent shutdown announcement of Blast, a sister project. However, Crypto.news provides the additional detail that new Blend loans will stop on the same date, while CoinDesk focuses on the trading volume decline as the primary reason for closure.
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- Blur NFT Marketplace to Shut Down as Trading Volume Plummets 99% — this brief
Blur, once the largest 
Ethereum NFT marketplace, is set to close its website on November 12, 2023, after experiencing a dramatic decline in trading volume. The platform's monthly trading volume, which peaked at about $1.43 billion in 2023, has now fallen to under $7 million.
The decision to shut down comes ten days after Blur's sister project, Blast, announced its own closure. This suggests broader challenges within the ecosystem that supports these platforms.
According to Crypto.news, Blur will also stop offering new Blend loans on the same date, indicating a comprehensive wind-down of operations. The BLUR token price has reacted sharply to the news, plunging 29% to $0.01341.
The Blend protocol, which is closely associated with Blur, currently has a Total Value Locked (TVL) of $145.21 million, according to DeFiLlama. This represents a 10.2% decline over the past seven days.
The broader crypto market remains relatively stable, with a total market cap of $2.88 trillion. However, Ethereum, the platform on which Blur operates, has seen a 2.02% price drop in the last 24 hours, currently trading at $2513.81.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,513.81 to $2,527.58 — +0.55%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.46M (about $2,527.58), down 1.4% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 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 Shut Down as Trading Volume Plummets — questions & answers
Why is Blur shutting down?
Blur is shutting down due to a 99% collapse in monthly trading volume, from $1.43 billion to under $7 million.
When will Blur close?
Blur will close its website on November 12, 2023.
What happened to the BLUR token?
The BLUR token price fell 29% to $0.01341 following the shutdown announcement.
How much is 1 Ethereum worth in naira today?
About ₦3.46M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,527.58. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.55% since this brief first published — trading at $2,527.58 now versus $2,513.81 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinDesk, Crypto.news, 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.