Crypto & Web3
ZetaChain’s token holders have voted decisively to retire the project’s Cosmos-based layer-1 blockchain and transfer its native ZETA token to Solana. The governance proposal, identified as Proposal 68, passed on Sunday with 99.4% approval and 58% voter participation, comfortably above the network’s required 40% quorum. Once completed, the migration will turn ZETA into an SPL token on Solana through a 1:1 swap. The token will keep its existing ticker and total supply. This move aligns ZetaChain with a broader trend of crypto projects abandoning standalone chains in favor of established, high-activity networks. The vote itself does not immediately halt ZetaChain or begin the migration. Core contributors will need to submit a second governance proposal that outlines several key details, including the withdrawal window for assets tied to other blockchains, the snapshot block height, a shutdown schedule, the token claim process, and the exchange conversion period.
During the transition, validators will keep operating, and staking rewards will continue. The proposal’s approval signals strong community support for the strategic shift, though the actual technical and logistical steps still lie ahead. ZetaChain’s decision reflects a growing preference among crypto teams to focus resources on established ecosystems rather than maintaining independent layer-1 infrastructure. By moving to Solana, ZETA holders may gain access to a larger user base, deeper liquidity, and a more active developer community. The second proposal will be critical for ensuring a smooth migration and clarifying how users can convert their tokens and manage cross-chain assets. Until then, ZetaChain’s existing network will remain live, with staking and validation continuing as usual.