Ethereum News: NFT Sector Takes Fresh Hit as Blur Set to Close

In Ethereum news today, Blur will close its website on November 12, 2026, and stop arranging new loans through Blend, while its Ethereum marketplace contracts remain operational on-chain.

Monthly trading volume fell from about $1.43Bn in March 2023 to less than $7M in March 2026, a decline of more than 99.5%, according to X user @StarPlatinum.

This is not a complete protocol shutdown. The official interface is being withdrawn, but marketplace contracts will continue to operate, leaving open the possibility that other interfaces can connect to them.

Ethereum News: What the November 12 Closure Means for Blend

Blur's website will close on November 12, the same date that Blend will stop matching new loans. Borrowers have until then to repay outstanding loans or allow them to default under the applicable protocol rules. Blur said it plans to provide a separate tool after the deadline for users to withdraw assets from Blend.

The distinction matters: continued operation of the marketplace contracts does not mean that every Blur feature, or Blend's new loan-matching service, will remain available.

Wallets, aggregators, and other NFT marketplaces could interact with Blur's on-chain system by integrating the relevant contracts, but the information provided does not guarantee access to particular features or a replacement interface.