CoinMeta data: Blur NFT announced that it will shut down its website frontend on November 12, 2026, and cease matching new loans through its Blend lending protocol, resulting in a plunge of over 29% for its token within 24 hours. According to CoinMeta data, the current trading price of the Blur token is $0.01341, with a market value of approximately $38.75 million. The platform's trading volume reached $42.6 million during the decline, and the Blur token has fallen by 37.4% in the past week. Blur stated that although the frontend will be shut down, its underlying market protocol will continue to operate on the chain and will continue to control the protocol's fee settings. Borrowers need to repay their outstanding loans by November 12, otherwise, they will face default.