Ninety-nine point four percent of ZetaChain holders who voted backed a plan on Sunday to wind down the project’s own layer-1 blockchain and migrate its native ZETA token to Solana, under governance proposal 68, which passed with 58 percent turnout against a 40 percent quorum requirement.
Under the plan, ZETA becomes an SPL token on Solana through a straight one to one conversion, keeping the same ticker and total supply. Tokens already wrapped on Ethereum and BNB Chain are excluded from that conversion. The vote itself does not trigger an immediate shutdown. Core contributors still owe holders a second proposal covering the withdrawal window for assets tied to other chains, the snapshot block height, a shutdown timetable and how exchanges will handle the swap.
ZetaChain framed the move as a resource decision rather than a failure, saying that running its own Cosmos SDK based layer-1 no longer serves its real focus, an AI application called Anuma built around private on-chain memory. The reasoning echoed a separate case from the same week. Linera, an a16z-backed layer-1 in development since 2022, shut down entirely after a final token sale raised less than a million dollars against what it needed, never reaching mainnet. Both put a number on how little appetite is left for funding chain infrastructure that never grew into a majority applications platform.
What ZetaChain has not published is the shutdown date itself, or what becomes of the applications and liquidity still sitting on its existing chain while holders wait for that second vote. A project can hold a clean 99.4 percent mandate and still leave the people who actually use it with an open-ended migration and no calendar to plan around.
