Router Protocol Is Shutting Down After Four Years, With Over 300 Million ROUTE Tokens Set to Be Burned

BitcoinWorld Router Protocol Is Shutting Down After Four Years, With Over 300 Million ROUTE Tokens Set to Be Burned After four years of operating, Router Protocol has announced that it is shutting down completely, with the closure officially happening on 30 September.

The team explained a few reasons behind this decision.

They pointed to weak liquidity across Web3 in general, a shift in money and attention moving toward AI projects instead, cheaper cross chain transaction fees becoming more common elsewhere, and overall costs that simply no longer made sense to keep the project running.

Here are the key things people holding ROUTE tokens should know. The project’s foundation will permanently burn 303,333,198 ROUTE tokens, meaning these tokens will be destroyed and removed from circulation forever.