Overview
- Blur announced it will deprecate the public blur.io frontend on Nov. 12, 2026.
- Blur said its Blend lending service will stop matching new loans on Nov. 12 and that borrowers must repay outstanding loans or allow them to default.
- The BLUR token plunged roughly 20–29% after the announcement and trading volume in the token spiked as investors sold positions.
- Blur’s on‑chain marketplace smart contracts will remain operational on Ethereum and BLUR tokenholders will keep control of the protocol’s fee‑switch.
- The shuttering follows a multi‑year collapse in activity — monthly volume fell from about $1.43 billion in March 2023 to under $7 million by March 2026 — and it follows Blast’s Oct. 2 wind‑down, highlighting questions about the financial sustainability of zero‑fee, reward‑driven NFT platforms and the practical risks faced by borrowers, lenders and creators.