🔥 Coinbase-backed project dies, burns 303M tokens
Router Protocol is shutting down after failing to find a buyer or license its tech.
303 million ROUTE tokens get burned in the process.
Backing from Coinbase wasn't enough to build a sustainable business.
Even a marquee investor can't save a product nobody needs.
Token burns don't fix broken business models, they just bury the evidence.
September 6, 2026 103 1