Coinbase-backed Router Protocol to shut down, burn 303 million ROUTE tokens

MonitoringCryptoProtocol changeFirst tracked 2026-09-06Last changed 2026-09-06

Current outcome

Coinbase-backed Router Protocol is shutting down and will burn 303 million ROUTE tokens after failing to find a sustainable business model.

1 material updates

#0109.06
Initial2026-09-06 18:03 · publication time
Coinbase-backed Router Protocol to shut down, burn 303 million ROUTE tokens
Coinbase-backed Router Protocol is shutting down and will burn 303 million ROUTE tokens after failing to find a sustainable business model.
Source evidence: The Block · The Block · Bitget