CryptoSlate says the Coinbase Ventures-backed project's bridge fees fell too low to cover fixed operating costs. By September 7, Router Nitro was processing about $677 in daily bridge volume, the outlet reports.
CryptoSlate reports that Router Protocol will shut down September 30, 2026, after bridge fees fell too low to cover fixed operating costs. The outlet says the Coinbase Ventures-backed project raised over $4 million in 2021 and launched its own Layer 1 blockchain in 2024. It puts Router Nitro's daily bridge volume at about $677 as of September 7.
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CryptoSlate says the Coinbase Ventures-backed project's bridge fees fell too low to cover fixed operating costs. By September 7, Router Nitro was processing about $677 in daily bridge volume, the outlet reports.
CryptoSlate reports that Router Protocol will shut down September 30, 2026, after bridge fees fell too low to cover fixed operating costs. The outlet says the Coinbase Ventures-backed project raised over $4 million in 2021 and launched its own Layer 1 blockchain in 2024. It puts Router Nitro's daily bridge volume at about $677 as of September 7.
CryptoSlate@CryptoSlateCoinbase Ventures-backed Router Protocol will shut down Sept. 30 after bridge fees fell too low to cover fixed operating costs. The project raised over $4M in 2021 and launched its own Layer 1 in 2024. By Sept. 7, Router Nitro was processing about $677 in daily bridge volume.
CryptoSlate@CryptoSlateCoinbase Ventures-backed Router Protocol will shut down Sept. 30 after bridge fees fell too low to cover fixed operating costs. The project raised over $4M in 2021 and launched its own Layer 1 in 2024. By Sept. 7, Router Nitro was processing about $677 in daily bridge volume.