ZetaChain Votes to Wind Down Layer 1 and Move ZETA to Solana
What happened
ZetaChain holders voted to shut down the project's Layer 1 blockchain and move the ZETA token to Solana. The proposal, called Proposal 68, passed with overwhelming support.
Key numbers
- Proposal 68 passed with 99.4% support.
- 58% of eligible voters participated in the vote.
What the proposal involves
Under the proposal, ZetaChain would wind down its Layer 1 network. The ZETA token would be migrated to Solana, a different blockchain. However, the process is not yet complete.
What is still unclear
Exchanges must confirm they will support the token swap before a second vote takes place. That second vote will set the snapshot date, the claims process, and the full shutdown schedule for the Layer 1 network. Until exchanges confirm, the exact timeline and mechanics remain undetermined.
Why it matters
The vote represents a major decision by the ZetaChain community to essentially retire its own blockchain and shift its token to another network. The outcome depends on whether exchanges agree to support the migration.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.