ZetaChain Holders Vote 99.4% to Wind Down Its Layer-1 Network and Migrate ZETA to Solana

ZetaChain token holders have voted overwhelmingly to wind down the project’s independent Layer-1 blockchain and migrate its ZETA token onto Solana, marking one of the more dramatic strategic pivots seen from a mid-sized interoperability chain this year. The numbers behind the vote and the migration plan:

• 99.4% of participating voting power backed Governance Proposal 68, with just 0.3% against and 0.3% abstaining.
• 58% of eligible stake took part in the vote, comfortably clearing the network’s 40% quorum requirement.
• The vote closed at 14:58 UTC on September 20, 2026.
• ZETA will convert to a native Solana SPL token at a 1:1 ratio, keeping the same ticker and total supply.
• Token decimal precision will shift from 18 to 9 to match Solana’s standard.
• The migration applies specifically to native ZetaChain Layer-1 tokens; ZETA balances on Ethereum and BNB Chain are explicitly out of scope for this proposal.
• Existing vesting schedules for team and investor allocations will continue unchanged.
• ZetaChain originally raised $27 million three years ago to build a chain focused on connecting competing blockchain networks.

Importantly, Sunday’s vote is an authorization, not an execution order. It does not immediately shut down the existing Layer-1 network or move any tokens. Core contributors must still submit a second governance proposal that will define the technical details still outstanding: the exact snapshot block height, the withdrawal window for assets linked to other chains, the shutdown timetable, the token claim process, and the coordination window with exchanges. Until that second proposal passes, the current ZetaChain network and all existing balances continue to operate as normal.

The strategic logic behind the shift centers on where ZetaChain’s team wants to spend its resources going forward. Running an independent Cosmos SDK-based Layer-1 network requires ongoing infrastructure investment that the project’s leadership has concluded no longer serves its central focus, which has shifted toward Anuma, a private-focused artificial intelligence application already reportedly serving around 300,000 users. Anuma’s flagship feature is a Private Memory Layer designed to let users carry encrypted context across different AI models without exposing that data to any single provider. By moving ZETA onto Solana’s existing, actively maintained infrastructure, the team argues it can redirect engineering effort away from blockchain maintenance and toward building out that AI product.

The market reaction was immediate: ZETA’s price moved sharply following the vote, as traders repriced the token around its new identity as a Solana-based asset tied to a private-AI roadmap rather than an independent interoperability Layer-1. Whether that repricing holds once the technical details of the actual migration are published remains to be seen, and holders will want to watch for the follow-up proposal that sets the concrete shutdown and migration timeline.

Token migrations and governance-driven network changes carry technical risk, and cryptocurrency prices remain highly volatile around such events. Nothing here constitutes financial advice. New to how blockchain networks and tokens function at a basic level? Start with coin680’s Bitcoin Academy.