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      ZetaChain Proposes Migration to Solana, Shutting Down Its Layer-1 Blockchain

      ZetaChain has initiated a governance proposal to shut down its Layer-1 blockchain and migrate its ZETA token to the Solana blockchain as a native SPL token. This decision follows security issues that led to the suspension of core services earlier this year. The proposal, which opened on September 17, seeks approval from ZETA token holders to execute a one-to-one swap of existing tokens for the new Solana version. The voting period will conclude on September 20, determining the timeline for the shutdown of the current blockchain.

      The migration plan aims to maintain the existing token economics, with a total supply capped at 2.1 billion tokens and unchanged vesting schedules. ZETA tokens on Ethereum and BNB Chain will remain unaffected during the transition, which will require exchange confirmations before any migration can occur. The primary application involved in this move is Anuma AI, which has gained over 300,000 users and will utilize ZETA as its access token on Solana, providing a clear utility for the token in its new environment.

      ZetaChain initially aimed to be a cross-chain smart contract platform, allowing developers to create applications that could interact across multiple blockchains. However, following an exploit in April 2026 that impacted team wallets, the project ceased its cross-chain deposit services by June 30, 2026. The market responded positively to the migration announcement, with ZETA's price increasing by approximately 11% and trading volume rising by about 40%.

      Despite the optimistic market reaction, the governance vote's short 72-hour window raises concerns about participation and the decision-making process for such a significant change. Token migrations can be complex, requiring careful coordination of exchange support and liquidity pools, as well as clear communication to users holding ZETA across different chains.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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