Blur, once the biggest Ethereum NFT marketplace, will shut its website on 12 November

Blur, which once dominated trading of Ethereum NFTs, is closing its website on 12 November after activity collapsed by more than 99% from its peak.

What's closing — and what isn't

• The Blur website shuts on 12 November.
• Blend, its NFT lending service, stops arranging new loans. Borrowers have until that date to repay or let loans default; a separate tool for withdrawing assets from Blend will follow.
• Blur's smart contracts stay live on Ethereum, and BLUR token holders keep control of the marketplace's fee switch.

From 70% market share to almost nothing

Launched in 2022, Blur challenged OpenSea with fast trading, zero fees and token rewards. In March 2023 it handled more than 70% of Ethereum NFT volume — about $1.43 billion that month, per DefiLlama data. By March 2026, monthly volume had fallen below $7 million.

The platform charged no trading fees, and Token Terminal records $0 in protocol revenue over three years. Its incentive programs were criticised for encouraging speculative trading and squeezing creator royalties.

Second exit in ten days

The news follows the 2 October shutdown announcement of Blast, an Ethereum layer-2 network created by the same founder, Tieshun Roquerre ("Pacman"). Blast once held more than $2 billion in deposits; that had dropped to about $32 million. Blast users have until 26 October to withdraw through its regular interface.

BLUR fell more than 20% after the announcement, to around $0.015.