Blur to Shut Down Website and End New Blend Loans in November
- —Blur will close blur.io on November 12; the underlying Ethereum smart contracts will remain operational
- —Blend will stop matching new loans the same day, with existing borrowers given until November 12 to repay
- —Blur's trading volume has fallen over 99% from its 2023 peak to under $7 million a month by March 2026
- —BLUR fell more than 30% in 24 hours, with market cap around $38 million
Why it matters: The closures of Blur and Blast highlight the NFT market downturn and the collapse of incentive-driven models.
Source: NFT Plazas