Blur Will Close Its Website and Stop Blend Loans

Blur will shut the blur.io website on November 12, 2026, and stop matching new Blend loans that day. The on-chain marketplace stays live, and BLUR still governs its fee switch.

The notice arrived 10 days after Blast, the Ethereum layer-2 built by founder Tieshun “Pacman” Roquerre, told users it would wind the chain down because costs had overtaken revenue.

The blur.io Site Stops on November 12

Blur posted the plan from its verified @blur_io account at 19:59 UTC on October 12, 2026, and called the change a frontend deprecation. The contracts that settle trades on Ethereum are not being deleted. Token holders keep the switch that can turn marketplace fees on.

1/ The https://t.co/zPQ1jqR7pT frontend will be deprecated on November 12, 2026.

This deprecation only applies to the frontend.

The Blur marketplace protocol will remain operational on-chain, and $BLUR will continue to control its fee switch.

— Blur (@blur_io) October 12, 2026

The same thread said Blend will stop matching new loans on November 12. Borrowers have until then to repay or allow those loans to default. After that date, Blur said it will provide a frontend tool to help users withdraw assets from Blend, and it did not say when that tool will appear.

The last post in the thread told users to ignore impersonators and fraudulent announcements. The only official account, the team said, is @blur_io. That was the close of the notice: a website date, a loan date, and a warning about fake accounts.

Borrowers Must Repay Blend or Accept Default

Blend is the peer-to-peer NFT lending book Blur launched in May 2023, built around perpetual loans with no fixed repayment date. That design once let holders borrow against blue-chip pictures without picking a due date, and it is the part of the wind-down that still has people inside it.

New matching through the official interface stops on November 12. Existing borrowers must repay by then or let the position default under Blend’s current rules. Lenders lose that matching desk on the same day, and Blur has not published a refinancing path after the cutoff.

THE BLEND BOOK, OCTOBER 12 TO 13

About 160 blue-chip NFTs left Blend collateral in that window, with Azuki and Pudgy Penguins among the named collections moving out. The book was already shrinking before the website goes dark.

WHAT BLEND USERS HAVE TO DO

• Repay by November 12: Pay the loan before the cutoff if you want the pledged NFT back under the process that still runs on blur.io.
• Accept default: Leave the loan unpaid and let Blend’s existing default rules handle the collateral.
• Wait for the later tool: Blur said a withdrawal interface will follow for assets that remain after the cutoff, with no date attached to that promise.

Forced repayments and defaults can push pledged pictures onto thin order books. Collections that still sit in Blend as collateral can move on small size once those loans have to be closed.

The Protocol Kept $2.26 After Billions in Trades

DefiLlama now lists $22.9 million in total value locked across Blur’s products, with $22.66 million on Ethereum and $242,757 on Blast. That is down from about $215.9 million on March 9, 2024. Fees over the past 30 days are $0. Cumulative fees are $70.82 million. Cumulative protocol revenue is $2.26.

BLUR GROSS PROTOCOL REVENUE

Blur’s own site still advertises zero marketplace fees and more than $7.4 billion in lifetime trading volume. Monthly NFT volume peaked at about $1.43 billion in March 2023, when Blur held more than 70 percent of Ethereum NFT trading. By March 2026 that monthly figure had fallen below $7 million, a drop of more than 99.5%.

The company has not said the website is closing because it loses money. The fee switch that was supposed to let BLUR holders turn on trading fees never became a business that could keep a public interface staffed. Volume arrived with points and airdrops, and it left when those programs stopped paying.

Collectors who watched optional royalties gut creator payouts are not treating this as a surprise. The same zero-fee pitch that pulled flow off OpenSea also trained traders to farm listings instead of hold work, and that habit did not survive the end of the rewards.

Blast Already Gave Users an October 26 Exit

Roquerre’s other large product is already on a shorter clock. Blast, backed by a $20 million round from Paradigm and Standard Crypto, opened deposits in November 2023 and pulled in $300 million within days, then launched mainnet in February 2024.

THE PACMAN EXIT CALENDAR

1. March 29, 2022: Blur raises $11 million in seed funding.
2. February 14, 2023: BLUR prints an all-time high of $5.02.
3. March 2023: Monthly marketplace volume hits about $1.43 billion and more than 70 percent of Ethereum NFT trading.
4. May 2023: Blend launches as a peer-to-peer NFT lending book.
5. June 2024: Blast’s locked value peaks at roughly $2.26 billion.
6. October 2, 2026: Blast says it will wind the chain down.
7. October 12, 2026: Blur sets the November 12 website and Blend matching cutoff.
8. October 26, 2026: Blast’s regular interface stops handling withdrawals.
9. November 12, 2026: blur.io closes and Blend stops matching new loans.

On October 2 the Blast team said the chain no longer paid for itself.

Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and we do not see a credible path to making the chain economically sustainable.

Blast team, on X, October 2, 2026

DefiLlama put DeFi value locked near $32 million that day, down from the $2.26 billion peak. L2Beat counted about $90 million in total value secured, around $50 million of it bridged in through Blast’s canonical bridge. Users were told to move funds to Ethereum mainnet, including balances in the Blast progressive web app. The team is pulling assets out of Lido first, a step it said would take about a week, with withdrawals paused during that unwind, then cut the delay to 24 hours through October 26. After that date, funds stay recoverable only by calling the bridge contracts on Ethereum directly.

BLAST traded near $0.00028 after the notice, with a market cap of about $20 million, roughly 99 percent below its June 2024 high. Blur has not offered a matching cost confession. It is still running the same founder’s second shutdown in 10 days.

Open Approvals Still Cover Eight Figures in NFTs

Quit, Yuga Labs’ vice president of blockchain, spent October 12 on a different leftover. He said he had checked Blur’s current contracts and found no exploit, then pointed at the upgrade path those contracts still have while the team looks like it is breaking up.

I’ve investigated Blur and found no exploits within the current contracts. However, the Blur contracts are upgradable, meaning that they could turn malicious at any time. They currently have eight figures worth of NFTs approved to them. The safety of those NFTs effectively hinges on the opssec of the Blur team, which appears to be disbanding at this time.

Quit, vice president of blockchain at Yuga Labs, on X

Quit wrote that Blur still has eight figures worth of NFTs approved to those contracts, and he told holders to pull the permissions immediately with a revocation tool. He tied the warning to last month’s Magic Eden contract exploit, which he said had already shown what leftover approvals can cost once a marketplace is no longer being watched the same way.

Revoke.cash, the approval manager, said it would flag all Blur and Blend contracts as deprecated. Closing a website does not cancel a wallet permission. An upgradeable contract can still move an NFT it was allowed to touch, even after blur.io goes dark, and Blur’s own thread did not mention that risk.

What Still Works After the Website Closes?

The marketplace contracts remain on Ethereum, so anyone who can send transactions to them can still trade without blur.io. BLUR still controls the fee switch. Blend matching ends on November 12, and the public site ends with it. DefiLlama counted 343 active addresses and 1,348 transactions on Blur in 24 hours around the notice, which is a live but small residue of a desk that once printed $1.43 billion in a month.

WHAT WE KNOW

• The site date: blur.io is set to close on November 12, 2026.
• The loan date: Blend stops matching new loans that day, and borrowers must repay or default.
• The token: BLUR still governs the fee switch and traded at $0.013, with a $36.47 million market cap, 99.8 percent below the $5.02 high.
• The other product: Blast’s regular withdrawal interface runs through October 26, 2026.

WHAT IS UNCONFIRMED

• The Blend tool: Blur has not said when the post-cutoff withdrawal interface will ship.
• Third-party frontends: No named team has committed to hosting a full replacement UI for the live contracts.
• A fee-switch vote: Nothing in the notice schedules a vote to turn marketplace fees on.

BLUR TOKEN SNAPSHOT

• Price: $0.013 on DefiLlama, down 39.6 percent over seven days, with an all-time low of $0.012.
• Supply: 2.909 billion circulating against a 3 billion maximum.
• High: $5.02 on February 14, 2023, now 99.8 percent below that print.

November 12 is a website date and a loan date, and October 26 is the last easy door off Blast. The contracts will outlast the products that made them famous, and the people still inside those products have a calendar rather than a marketplace.

Disclaimer: This article is news reporting and analysis of Blur’s website closure, Blend’s loan cutoff, and the related Blast wind-down, and it is for information only. It is not investment advice, trading advice, or a recommendation to buy, sell, hold, repay, default, or revoke any token, NFT, loan, or contract approval. Readers should consult a qualified financial adviser or crypto-asset specialist who can review their own wallets, loans, and tax position before acting. Prices, locked value, loan books, and product statuses are those published by the cited data providers and project accounts on the dates given and can change.