Router Protocol to shut down, burn 303M ROUTE tokens

Router Protocol has announced that it will end more than four years of cross-chain development, close all operations by Sept. 30, 2026, and permanently burn 303,333,198 ROUTE tokens held in its treasury. Summary Router Protocol will wind down its remaining operations before Sept. 30, 2026. The project will permanently burn 303,333,198 ROUTE tokens held in its treasury. Centralized exchanges will publish separate ROUTE delisting and withdrawal schedules. ROUTE fell about 50% after the announcement and reached a new all-time low. Router Protocol shutdown follows two years of financial pressure According to Router Protocol’s announcement on X, weak revenue and limited access to capital left the team without a sustainable path for keeping the cross-chain project operational. Liquidity across Web3 has remained scarce for about two years, the team said, while a large share of investor attention and capital has moved toward artificial intelligence. Within the interoperability market, growing competition has pushed bridging fees lower as user activity has become concentrated on a limited number of major networks. Although Router continued operating infrastructure across multiple blockchain...