Cross-chain Infrastructure Project Router Protocol to Shut Down and Burn 303 Million ROUTE Tokens

Router Protocol, a cross-chain infrastructure project backed by Coinbase Ventures, announced it will cease all operations by September 30. The team plans to permanently burn 303,333,198 ROUTE tokens held in its treasury, representing approximately 30% of the total supply. The decision follows unsuccessful attempts over the past year to secure commercialization, licensing, or acquisition deals. The project cited the shift of capital from crypto to AI and declining fees for cross-chain asset transfers as primary challenges, noting that the bridge economy has