ZetaChain votes 99.4% to close layer-1, move ZETA to Solana
Proposal 68 passed on 58% turnout. ZETA will convert 1:1 into an SPL token on Solana as the team shifts its focus to Anuma, a privacy-focused AI app.
ZetaChain's community has voted to retire the project's own blockchain. Holders backed proposal 68, which winds down ZetaChain's Cosmos-based layer-1 network and moves the native ZETA token to Solana, with 99.4% in favour. Turnout reached 58%, well clear of the 40% quorum the network requires.
What holders can expect
Under the approved plan, ZETA will live on as an SPL token on Solana, the standard token format on that network. Existing tokens convert 1:1, and both the ticker and the total supply stay the same. One technical detail does change: precision drops from 18 decimals on ZetaChain's own chain to 9 on Solana.
The vote does not switch the chain off by itself. Core contributors still have to file a second proposal covering the practical details:
- the withdrawal window for assets bridged in from other chains
- the snapshot block height
- the shutdown timetable
- the claim process
- the conversion period for exchanges
The reasoning
ZetaChain says running a separate layer-1 no longer fits its plans, and that maintaining a chain built on the Cosmos SDK has become a burden. The team will instead put its resources into Anuma, a privacy-focused AI application that the project says has more than 300,000 users, and into its Private Memory Layer.
Background
ZetaChain raised $27 million in 2023 from backers that included Blockchain.com, Jane Street Capital, Human Capital and Sky9 Capital. In April this year, an exploit aimed at its cross-chain gateway contract cost it roughly $334,000.
Other projects have made similar calls. BounceBit closed its blockchain in August following a $3 million token theft, and in September Harmony proposed shifting its ONE token to Ethereum after an exploit. The market welcomed ZetaChain's decision, with ZETA ranking among the day's top gainers after the result.
What Indian ZETA holders should do
If you hold ZETA on an Indian exchange, the exchange will usually handle the migration for you. The exact timeline has not been set yet, and there may be pauses to deposits, withdrawals or trading along the way. Wait for the second governance proposal and your exchange's own notice before assuming anything. If you hold ZETA in a self-custody wallet, read the claim process carefully once it is published. This is not financial advice.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
