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

9/7/2026

Router Protocol is shutting down, and will burn 303 million ROUTE tokens on the way out.

The project had Coinbase's backing and three separate paths to a viable future: commercialization of its technology, licensing it, or finding an outright buyer.

The case for treating this as a market verdict on the technology itself is stronger than it might appear.

Coinbase-backed projects carry institutional weight that typically opens acquisition conversations even when the underlying business is struggling.

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