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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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