Blur NFT Marketplace to Shut Down as Trading Volume Plummets 99%
The once-dominant Ethereum NFT marketplace Blur will close on November 12 after monthly trading volume collapsed from $1.43 billion to under $7 million.
The once-dominant Ethereum NFT marketplace Blur will close on November 12 after monthly trading volume collapsed from $1.43 billion to under $7 million. Ethereum (ETH) is trading at $2,527.48, up 0.5% since this brief published. This is an original Token Times brief synthesising 3 outlets (CoinDesk, Crypto.news, Cryptopolitan), plus live market data, as of Tue, 13 Oct 2026 07:15:01 UTC.
Blur's shutdown highlights the broader decline in NFT market activity and raises questions about the sustainability of NFT marketplaces amid reduced trading volumes and platform-specific challenges.
- Blur's monthly trading volume fell from $1.43B to under $7M.
- The platform will cease operations on November 12, 2023.
- BLUR token price dropped 29% to $0.01341 following the announcement.
- Related project Blast announced its shutdown ten days prior.
CoinDesk and Crypto.news both report that Blur will shut down its website and operations on November 12, 2023, after monthly trading volume plummeted from a peak of $1.43 billion to under $7 million. While both outlets confirm the closure date and the dramatic decline in trading volume, Crypto.news additionally reports that the platform will stop issuing new Blend loans as part of the shutdown. The outlets agree on the timeline and the core reasons for the closure but differ slightly in the details of the accompanying services being discontinued.
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- Blur NFT Marketplace to Shut Down as Trading Volume Plummets 99% — this brief
Blur, once the largest 
Ethereum NFT marketplace, has announced it will cease operations on November 12, 2023, following a dramatic decline in trading volume. The platform's monthly trading volume has fallen from a peak of $1.43 billion to under $7 million, according to multiple outlets.
The decision to shut down comes ten days after Blur's sister project, Blast, announced its own closure. The move underscores the broader challenges facing the NFT market, which has seen a significant downturn in activity and interest over the past year.
Crypto.news reports that the platform will also stop issuing new Blend loans as part of the shutdown process. This decision likely reflects the broader financial difficulties faced by the platform, as evidenced by the 29% drop in the BLUR token price to $0.01341 following the announcement.
According to DeFiLlama, the Total Value Locked (TVL) in Blend, a lending protocol associated with Blur, currently stands at $145.21 million, representing a 7-day decline of 10.2%. This data further illustrates the financial strain on the platform and its associated services.
The broader crypto market remains relatively stable, with a total market cap of $2.88 trillion. However, Ethereum, the blockchain that underpins Blur, has experienced a 2.02% drop in price over the past 24 hours, currently trading at $2513.81. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 57.
Since this brief published about 3 hours ago, Ethereum (ETH) has moved from $2,513.81 to $2,527.48 — +0.54%.
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 Token Times'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 ≈ ₹262,857.92 (about $2,527.48), down 1.7% over 24 hours. The rupee itself trades about 8.4% above the official rate on the P2P market, so a Indian 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.
Token Times 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 $1.43B to under $7M.
When will Blur close?
Blur will close its website and operations on November 12, 2023.
What happened to the BLUR token?
The BLUR token price dropped 29% to $0.01341 after the shutdown announcement.
How much is 1 Ethereum worth in rupee today?
About ₹262,857.92 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,527.48. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.54% since this brief first published — trading at $2,527.48 now versus $2,513.81 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinDesk, Crypto.news, Cryptopolitan, 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 Token Times 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.