A closer look at “Blur NFT Marketplace Shuts Down After Trading Volume Collapses 99% to Under $7 Million”, exactly as the source publishes it. Blur, once the largest NFT marketplace on Ethereum, will shut down its website on November 12, marking a dramatic fall from its peak. Monthly trading volume plummeted from approximately $1.43 billion at its 2023 high to under $7 million, a decline of over 99%. The closure comes just ten days after its sister project, the Blast blockchain, also announced its own shutdown.
The twin exits signal a deepening crisis in the NFT sector, which has struggled to regain momentum after the speculative frenzy of 2021 and 2022 faded. Blur had disrupted the market with aggressive incentives and zero-fee trading, briefly overtaking rivals like OpenSea, but its model proved unsustainable once token rewards dried up. For the complete material, the listing points back to the source inside the network.