Blur to close frontend, halt Blend loans—BLUR drops 20%
6.8 Markets Blur will close its frontend and halt new Blend loans on Nov 12, 2026. The protocol remains live, but user access will be limited. BLUR token fell over 20% after the news.
Blur, a leading NFT marketplace, will shut down its frontend on November 12, 2026. However, its onchain protocol will remain operational, allowing some functionality to persist. On the same date, the Blend lending protocol will stop matching new loans, requiring borrowers to either repay or default by then. After the cutoff, Blur plans to provide a tool for users to withdraw assets from Blend. The closure of the frontend is expected to significantly impact user access and activity, as most users relied on the website for trading and managing NFTs. This announcement follows a sharp decline in Blur's trading volume, which fell from $1.43 billion in March 2023 to under $7 million by March 2026. Following the news, the BLUR token price dropped over 20%. Blur has not yet provided detailed guidance or a transition roadmap for users, contributing to increased market uncertainty and negative sentiment. Despite the frontend shutdown, the underlying protocol and fee management will remain active on the blockchain.
