DeFi· ★★★· bearish·

Blur to Shut Down Marketplace on November 12 as Trading Volume Collapses 99%

  • —Blur's website will shut down on November 12, and Blend will stop issuing new loans
  • —Monthly trading volume fell from $1.43 billion in March 2023 to under $7 million
  • —BLUR dropped over 30% after the announcement and trades near $0.011
  • —Blur's smart contracts will remain operational on Ethereum
Why it matters: The exit of Ethereum's largest NFT marketplace confirms the deep slump in the NFT market and adds pressure on the BLUR token.
#BLUR
Source: BitcoinBázis
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