Coinbase-Backed Crypto Bridge to Shut Down as Business Model Fails

A Coinbase-backed cross-chain crypto project is shutting down after concluding that its business model is no longer viable. According to CryptoSlate, the project said the fees generated by bridging activity are too thin to support the infrastructure required to operate continuously. The decision highlights the difficulty of sustaining always-on cross-chain services when revenue depends on relatively small transaction fees. A planned burn of 303.3 million ROUTE tokens has not yet taken place and remains pending. The project’s shutdown and the unresolved token burn are the key developments reported in the source. No further details on the timing of the closure or the burn were provided.