ZetaChain Votes to Wind Down Layer 1 and Move ZETA to Solana
ZetaChain governance passed Proposal 68 with 99.4% of votes in favor and 58% voter turnout, approving a plan to wind down its layer-1 chain and migrate the ZETA token to Solana. A follow-up vote is required after exchanges confirm support for the planned token swap to set the snapshot date, claims process and shutdown timeline.
Why It Matters
The approval marks a major change in ZetaChain's protocol direction and token infrastructure, contingent on exchange coordination before finalizing migration and shutdown logistics. How exchanges and token holders respond will determine the practical timeline and mechanics of the transition.
Key Facts
- Proposal: Proposal 68
- Vote result: 99.4% support
- Participation: 58% of eligible voters
- Primary action approved: Wind down ZetaChain layer-1 and migrate ZETA to Solana
- Next step required: Exchanges must confirm the swap before a second vote
ZetaChain’s community approved Proposal 68 with overwhelming support, voting 99.4% in favor and achieving 58% participation. The proposal calls for winding down the project’s layer-1 blockchain and migrating the protocol’s native token, ZETA, onto the Solana network.
The governance process will not conclude immediately: the proposal conditions a second governance vote on confirmations from cryptocurrency exchanges that they will support the token swap. That subsequent vote is intended to set the snapshot date, outline the claims process for token holders, and finalize the shutdown schedule for the existing chain.
Project stakeholders framed these steps as necessary to coordinate an orderly migration, with exchanges’ commitments pivotal to enabling token holders and platforms to complete swaps. Until exchanges provide formal confirmation, the migration timeline and specific operational details remain subject to further governance action.
With the passage of Proposal 68, ZetaChain has signaled a clear policy direction, but implementation depends on upcoming coordination between validators, token holders and custodial trading platforms. The community will reconvene for a second vote once exchanges have indicated their readiness to participate in the swap.
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