TREE NEWS update: Router Protocol announced it will shut down on September 30 and burn 303 million ROUTE tokens. DefiLlama data shows only $9,879.92 locked and no bridge volume over the past 30 completed days. The notice instructs centralized-exchange holders to withdraw by venue deadlines.
Router Protocol to Shut Down Sept. 30, Burn 303M ROUTE
The shutdown underscores how quickly liquidity can evaporate from cross-chain infrastructure once usage dries up. With near-zero TVL and no bridge volume, the token burn reads as a formal end rather than a pivot, signaling that the project's value proposition failed to sustain network effects. For ROUTE holders, the CEX withdrawal deadline becomes the operative timeline, while the broader takeaway is the fragility of interoperability protocols that depend on continuous activity to justify their existence. Whether other dormant bridges follow suit is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.