Blur Token Hits Record Low After NFT Marketplace Announces Website Shutdown
- —BLUR hit a record low of $0.01267, down 28.43% in 24 hours
- —Blur's website frontend will shut down on November 12, 2026, while contracts stay on-chain
- —Blur's TVL fell to $22.63 million from a peak of $215.9 million in March 2024
- —Blend will stop matching new loans on November 12, borrowers must repay or default
Why it matters: The frontend shutdown of a major NFT marketplace and BLUR's record low signal further contraction in the NFT sector.
Source: BeInCrypto