ZetaChain Tokenholders Vote to End L1 and Migrate ZETA to Solana

ZetaChain tokenholders have voted to end the project’s layer-1 blockchain and migrate its native ZETA token to Solana. The governance decision, approved via a formal proposal on Sunday, clears the path for ZETA to be represented as a Solana token through a 1:1 conversion—while network operations and staking are expected to continue until a later, separate shutdown and migration plan is finalized. Governance proposal 68 passed with 99.4% support and 58% participation, comfortably above the network’s 40% quorum requirement. Importantly, the proposal does not immediately trigger a shutdown or token migration timetable; ZetaChain said a second proposal will be submitted to outline the withdrawal window for assets tied to other blockchains, snapshot timing, shutdown scheduling, and the mechanics and duration of the token claim and exchange period. Key takeaways Proposal 68 approved: 99.4% support with 58% participation, exceeding the 40% quorum threshold. Token migration approach: ZETA is set to become an SPL token on Solana on a 1:1 basis, keeping the same ticker and total supply. No immediate shutdown: ZetaChain indicated validators will keep operating and staking rewards will continue during the transition. Next step is a second proposal: details on withdrawal windows, snapshot height, shutdown timing, and conversion/claim periods will be defined later. What ZetaChain’s governance vote actually changes Under the approved plan, ZETA will be converted into a Solana Program Library (SPL) token while preserving a 1:1 ratio. The proposal states that the token’s ticker and total supply will remain the same—an operational detail that matters for holders because it clarifies that the change is intended to be a representation/migration rather than a token split or supply adjustment. However, governance approval is not the same as execution. ZetaChain emphasized that passing proposal 68 does not automatically set a shutdown date. Instead, core contributors must bring forward a subsequent proposal covering the practical steps holders will care about most: how and when assets connected to other chains can be withdrawn, the snapshot block height used for migration calculations, the shutdown timetable, and the process and timeframe for token claims or exchange conversions. In the interim, validators are expected to keep running. The project also said staking rewards will continue through the transition phase, suggesting the token migration process is being staged rather than rushed—an important distinction for participants who would otherwise be forced to exit staking positions abruptly. Why ZetaChain wants to shift away from its layer-1 ZetaChain linked its move away from maintaining its own Cosmos SDK-based layer-1 to a strategic repositioning. The project said its standalone chain no longer supports its focus on Anuma, a private-focused artificial intelligence application.