October 13th 2026, 2:22 PM
Blur NFT Marketplace Closes Amid Trading Volume Collapse
Key Summary
NFT marketplace Blur is shutting down its website and halting new loans due to a 99.5% decline in monthly trading volumes from $1.43Bn in March 2023 to less than $7M in March 2026, leaving its Ethereum marketplace contracts operational.
Please see our real time news feed on our Home Page
Background
Blur, once the largest marketplace for Ethereum non-fungible tokens (NFTs), is shutting down due to a collapse in its trading volumes. In a statement, Blur said that it is shutting down its website next month after trading activity collapsed more than 99% from its peak.Current Status
The company's smart contracts will remain operational on the Ethereum blockchain, meaning the shutdown does not eliminate the blockchain-based trading system.Market Context
The closure marks a significant decline in trading volume, with monthly trading volume falling from $1.43Bn in March 2023 to less than $7M in March 2026. The NFT sector faces another blow after a significant decline in trading volume.Financial Impact
The closure follows Blast's October 2 shutdown announcement, and the NFT sector faces another blow after a significant decline in trading volume. Market revenue is expected to reach $318 million this year, down from peak levels in 2021-2022.Future Outlook
The continued operation of the marketplace contracts leaves room for another interface to support Blur's protocol, but no specific wallet, aggregator, or replacement frontend has been identified.#NFT#Ethereum#Crypto#MarketCollapse