October 13th 2026, 8:16 AM
Blur Token Plunges to Record Low Amid NFT Marketplace Shutdown
Key Summary
Blur's token price hit a record low after the NFT marketplace announced its website shutdown on November 12, 2026, while its on-chain protocol and lending protocol will continue to operate. The token's TVL has been declining since March 2024, and fees have fallen significantly over the past year.
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Blur Token Price and Trading Volume
Blur's token price fell to a record low of $0.01267 on October 13, down 28.43% over 24 hours. Its 24-hour trading volume reached $56.06 million.NFT Marketplace Shutdown
The NFT marketplace said it would shut down its website on November 12, 2026. The shutdown covers only the website frontend, so the marketplace contracts will keep working onchain.On-Chain Protocol Continues to Operate
The Blur marketplace protocol will remain operational on-chain, and $BLUR will continue to control its fee switch.Lending Protocol to Stop Matching New Loans
Blend, Blur's NFT lending protocol, will also stop matching new loans on November 12. Borrowers must repay before then or let their loans default.Decline in TVL and Fees
Blur's total value locked (TVL) stands at $22.63 million, down from a peak of about $215.9 million on March 9, 2024. Blur's fees peaked at $25.58 million in the first quarter of 2023 and have been declining since then.Impact on NFTs
The number of blue-chip NFTs held as Blend collateral also fell by about 160. Azuki dropped from 271 to 229, while Pudgy Penguins went from 289 to 259.#BlurToken#NFTMarketplace#CryptoShutdown