ZetaChain Community Votes to Sunset L1, Move ZETA to Solana
AI Market Summary
ZetaChain's community approved shutting down its Cosmos-SDK Layer 1 and migrating ZETA to Solana as an SPL token via a 1:1 conversion, keeping ticker, supply, and unlock schedules (excluding Ethereum and BNB Chain ZETA). A second vote will set snapshot and shutdown mechanics, contingent on exchange coordination. The decision shifts focus toward Anuma, raising execution and bridge/claim process risks for ZETA holders in the interim.
Impact level
● Medium
Affected assets
ZETA/USDT-0.03%
AI Insight · ZETA/USDTAI Insight
● Neutral
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ZetaChain's community has approved Proposal 68, backing plans to wind down the project's Layer 1 blockchain and migrate ZETA to Solana, according to Huoxing Finance. The vote, held on Sept. 21, passed with 99.4% support. Turnout reached 58%, clearing the 40% quorum requirement. Both "no" and abstain votes each accounted for 0.3%.
ZetaChain said it will shift its focus to Anuma, an AI application launched in February, arguing that maintaining an independent Cosmos SDK-based L1 is no longer necessary. Anuma reports more than 300,000 users and says it has processed one million requests across 35 AI models.
Under the proposal, ZETA will be converted 1:1 into a native Solana SPL token, keeping the same ticker and total supply. Existing unlock schedules will remain unchanged, while ZETA issued on Ethereum and BNB Chain is excluded.
The vote did not set a shutdown date. A second governance vote will be required to determine the balance snapshot block, the shutdown block, and the process for token claims and asset withdrawals. The team said it will not launch the second vote until exchange venues confirm their conversion plans. ZETA staking will continue in the meantime.
