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Router Protocol stories

Sep 6, 2026

Router Protocol to shut down operations and burn 303 million ROUTE tokens

Router Protocol, a Coinbase Ventures-backed cross-chain infrastructure project, announced it will cease all operations by September 30, 2026, and burn approximately 303 million ROUTE tokens (30% of total supply) after failing to commercialize its products in a competitive market.

Sep 6, 2026·4 sources
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Top claims

  • ▪Router Protocol blamed capital shifting from cryptocurrency into artificial intelligence and lower fees for moving assets between blockchains as central challenges to its operations.
  • ▪Router Protocol operated from Singapore with a team of fewer than 10 people, led by CEO Ramani Ramachandran and co-founders Shubham Singh, Chandan Choudhury, and Priyeshu Garg.
  • ▪Cross-chain bridging protocols are fundamentally unsustainable

Topics

TokenomicsBlockchain interoperabilityVenture capital (crypto)