Blur Exits the Scene After Dominating Ethereum NFT Trading

Blur, long the leading NFT marketplace on Ethereum, announced on Monday the closure of its site for November 12. Monthly volumes dropped from about $1.43 billion at the peak in March 2023 to less than $7 million today, without the platform ever charging fees. Launched in 2022, Blur quickly attracted NFT traders thanks to three features: fast transactions, no fees, and token rewards. This strategy enabled it to surpass OpenSea and capture nearly 70% of NFT trades on Ethereum in March 2023, with $1.43 billion monthly volume. Since then, the trend has reversed.