Blur exits while Tensor faces dilution risks
Blur will shut down its website on November 12, 2026, following a decline in protocol funds to $22.9 million. Meanwhile, Tensor manages Solana NFT market share amid TNSR token unlocks and competition from Mad Lads creators using on-chain royalty enforcement.
Blur will switch off its website on November 12, 2026, which ends the interface for trading and bidding. This closure follows an October 2 announcement from the Blast network regarding its own wind-down. Blur holders must decide on outstanding loans from the Blend lending product before the November 12 deadline. Anyone who does not repay a loan by then lets it run into default, causing the deposited collateral to pass to the lender. Blur intends to provide a tool after the cut-off date to allow balance withdrawals, but the company has not set a date for this tool.
The BLUR token fell 33.9 percent within 24 hours of the announcement on October 13, reaching $0.0123. This price sits near the all-time low of $0.01228. Trading volume for the marketplace declined from $1.43 billion in March 2023 to less than $7 million in March 2026. Protocol funds in the platform dropped from a peak of $215.9 million in March 2024 to $22.9 million on October 13, 2026.
| Metric | Value |
|---|---|
| BLUR price (Oct 13, 2026) | $0.0123 |
| BLUR all-time low | $0.01228 |
| Blur lifetime volume | Over $7.4 billion |
| Protocol funds (Oct 13, 2026) | $22.9 million |
The marketplace remains operational through smart contracts on the Ethereum blockchain. Users can still interact with these contracts through other interfaces or aggregators once the website goes dark.
Tensor battles supply pressure and competition
Tensor maintains over 33% of the Solana NFT market share. The platform aggregates liquidity from almost all marketplaces on Solana, including the ability to trade across eight different venues. This aggregation helps traders access items without switching applications. Users can use the sweep function to buy multiple NFTs at once or use TensorSwap, a concentrated liquidity AMM, to facilitate trades.
| Feature | Detail |
|---|---|
| TNSR Max Supply | 1 billion |
| TNSR Community Allocation | 55% |
| TNSR Team Allocation | 27% |
| TNSR Investor Allocation | 9% |
Tensor faces challenges from token unlocks that create selling pressure. For example, 17.69 million TNSR tokens unlocked on June 8, 2026. The platform also competes with Magic Eden, which focuses on the Solana ecosystem after winding down its Bitcoin and EVM products in March 2026. The Tensor community receives rewards through a program where trading or providing liquidity earns points for the TNSR token.
The Tensorians staking yield faces reality because the program relies on trading activity. If Solana NFT volume fails to recover, the TNSR price could suffer.
Solana users pivot to Mad Lads
Mad Lads helped revive the Solana NFT ecosystem after collections like DeGods and y00ts migrated to other chains. The collection features 10,000 NFTs and uses the Backpack wallet to manage xNFTs. These executable NFTs allow users to view content without logging into a website. The creators of Mad Lads use the collection as a tool to identify bad bots.
Mad Lads creators built an in-app story experience called a "collective boss battle" against a Mad King. This feature combines gaming and social quests for users. During the April 21 relaunch, the Backpack app sent bots to a "honeypot" page that tricked them into spending SOL on a fake mint. This distraction generated $250,000 in SOL.
The Mad Lads creators enforce royalties through on-chain transfer restrictions in the NFT contract itself. This method bypasses the need for marketplace goodwill, which became an issue after OpenSea phased out its Operator Filter in 2023. Traders now use these technical enforcements to manage creator earnings. Can Mad Lads maintain this momentum if Solana liquidity shifts toward other chains?
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