NFT marketplace Blur announced on Monday that it will shut down its frontend next month, but its on-chain marketplace protocol will continue to operate. Blur stated that its lending protocol, Blend, will stop matching new loans by November 12, 2026, and borrowers must repay their loans or allow them to default by this date. Following the announcement, the BLUR token fell over 20% to approximately $0.015, with a market capitalization of about $44 million. Blur's monthly trading volume peaked at approximately $1.43 billion in March 2023 but has since fallen to less than $7 million three years later.