CryptoSlate
ZetaChain governance approved Proposal 68 with about 99.44% support to retire the network’s standalone blockchain and migrate ZETA to Solana. The tally included 263.65 million ZETA voting for the plan, 744,658 against and 752,300 abstaining. The vote does not immediately move tokens or shut down the network.
Why it matters
The decision ends ZetaChain’s focus on operating a Cosmos SDK-based layer 1 built to connect assets and contracts across Bitcoin, Ethereum and Solana. The project says maintaining its own validator infrastructure creates an operational burden that no longer fits its push into private AI, centered on the Anuma application and its Private Memory Layer.
Anuma has attracted more than 300,000 users since February and processed more than 1 million requests across 35 AI models, according to ZetaChain. The project argues that Solana’s roughly 400-millisecond confirmations, more than $15 billion in stablecoins and about $70 billion in monthly decentralized-exchange volume provide a better base for frequent AI payments and model calls.
Market impact
Native ZETA balances on ZetaChain are planned to convert 1:1 into a Solana-native SPL token under the same ticker, with no change to total supply and no new tokens created. ZETA would shift from securing an independent proof-of-stake network to serving as an access token for Anuma and other AI applications.
The timetable remains unresolved. Exchanges must confirm migration support before a second governance proposal sets withdrawal windows, snapshot and halt heights, Solana claims, exchange-held balance conversions and the validator wind-down. ZETA held on Ethereum and BNB Chain is outside Proposal 68, while native balances moving from ZetaChain will shift from 18 decimals to Solana’s nine and be rounded down. Staking rewards continue until the L1 shuts down, but the post-migration staking model remains under review.
Frequently asked questions
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What did ZetaChain governance approve in Proposal 68?
Governance approved retiring ZetaChain’s standalone blockchain and preparing a migration of ZETA to Solana. The vote passed with about 99.44% support.
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Will ZetaChain shut down immediately after the vote?
No. The vote does not immediately move tokens or shut down the network. Exchanges must first confirm migration support, followed by a second governance proposal.
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How will native ZETA balances move to Solana?
Native ZETA balances on ZetaChain are planned to convert 1:1 into a Solana-native SPL token under the same ticker, with total supply unchanged and no new tokens created.
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What happens to ZETA held on Ethereum and BNB Chain?
ZETA held on Ethereum and BNB Chain is outside Proposal 68. The proposal concerns native balances held on ZetaChain.
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Why is ZetaChain moving toward Solana and private AI?
ZetaChain says its own validator infrastructure no longer fits its focus on Anuma and private AI. It cites Solana’s speed, liquidity and AI payment infrastructure as benefits for frequent model calls.
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