Router Protocol Shuts Down and Burns 30% of ROUTE Tokens

Router Protocol has announced a complete halt of its operations after more than four years of development, accompanied by the burn of 30% of its ROUTE token. A total of 303,333,198 ROUTE in cash will be burned. ROUTE holders on exchange platforms must follow the instructions for delisting and withdraw their tokens before the deadline. Other projects, such as HyENA, have also announced their closure, with operations ceasing on August 28 and a gradual market shutdown. The Full Sail protocol on the Sui blockchain is shutting down following a security incident. The Harmony blockchain, after suffering a $100 million hack, is proposing to abandon its network due to state threats and AI agents. Validators may cease their activities or participate in a new AI-generated video initiative.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.