Router Protocol to Shut Down by Sept. 30, Destroy 30% of Route Token Supply
Router Protocol, a cross-chain infrastructure project backed by Coinbase Ventures, announced it will cease all operations by Sept. 30, 2026, and permanently burn 303,333,198 ROUTE tokens from its treasury — approximately 30% of the nearly 1 billion total supply. The team cited failed commercialization, licensing, and acquisition talks, as well as capital migration from crypto to AI and declining cross-chain fees. The project raised $4.1 million in 2021 and launched a Layer 1 chain in July 2024, which was shut down in September 2025 due to infrastructure costs, validator bloat, and security risks. Two security incidents in 2025 were also disclosed: a February exploit recovered about 80% of value via negotiation, while a July chain-level breach resulted in unrecovered losses.








