ZetaChain (ZETA) Holders Approve Solana Migration With 99.4% Support

Proposal 68 Clears With 99.4%

ZetaChain tokenholders have voted to wind down the project's standalone layer-1 blockchain and migrate the native ZETA token to Solana. Governance proposal 68 closed at 10:58 a.m. ET on Sunday, Sept. 20, according to the record on the project's governance portal, drawing 99.4% support from participating ZETA holders. Turnout reached 58%, well above the network's 40% quorum requirement, while votes against and abstentions registered only 0.3% each. The result clears the first gate in a phased exit rather than an immediate switch: the layer-1 keeps running while core contributors design the migration mechanics, so holder balances stay put for now. Under the approved terms, ZETA will convert into a native Solana SPL token at a 1:1 ratio, keeping the same ticker and total supply with no new issuance. The tokenomics otherwise stay intact, with one mechanical change — decimal precision drops from 18 to 9. Vesting schedules keep their original dates, and ZETA circulating on Ethereum and BNB Chain falls outside the direct scope of this proposal. Guidance attached to the plan indicates most holders will not need to take any action during the transition.

Anuma AI App Drives the Exit

The motive behind the retreat is Anuma, the privacy-focused artificial intelligence application the team launched in February. ZetaChain says the app has surpassed 300,000 users and processed more than 1 million requests across 35 AI models. Holders can lock ZETA in exchange for credits to spend on AI usage, which removes the locked tokens from circulating supply — a demand structure the team says it wants to extend to outside AI applications and agents. Anuma is built on the project's Private Memory Layer, which lets users carry encrypted personal context across different models and apps rather than restarting in each one. In the proposal's framing, the problem is the chain itself: coordinating fixes to a Cosmos SDK-based network — secured through delegated proof of stake across dozens of validators — has become overhead that competes with product work. Contributors argue that Solana's throughput, low fees and dense ecosystem let them redirect resources from infrastructure maintenance to Anuma. The reversal is notable for a project founded in 2021 as an interoperability play that raised $27 million in 2023 from backers including Blockchain.com, Jane Street Capital, Human Capital and Sky9 Capital to build its cross-chain network.

Snapshot Details Await a Second Vote

Sunday's approval does not yet fix the shutdown timetable. A second vote will define the snapshot block height, the withdrawal window for assets linked in from other blockchains, the token claim process and the exchange conversion period. No date has been set for that vote: the team is waiting for trading platforms to confirm their participation in conversion agreements, and staking on the old network continues in the meantime. Contributors said on Sept. 17 they are still working out how staking and rewards will function once ZETA lives on Solana. The wind-down places ZetaChain in a growing cohort of projects exiting standalone chains. BounceBit opted in August to retire its network after an authorization flaw was exploited to steal roughly $3 million in BB tokens, migrating 1:1 to BNB Smart Chain instead of restarting its layer-1. Harmony proposed on Sept. 6 to fold its own chain and shift its ONE token to Ethereum as an ERC-20 as part of a pivot to an AI video initiative, weeks after an exploit created unauthorized ONE tokens and forced a rollback of more than 109,000 transactions. ZetaChain itself suffered a $334,000 exploit in April that targeted its cross-chain gateway contract and drained funds from project-controlled wallets. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

Governance Record Sets the Template

COINOTAG's analysis: the load-bearing document here is the on-chain vote record itself. The proposal text and the recorded outcome on ZetaChain's governance hub — 99.4% in favor on 58% turnout against a 40% quorum, with dissent and abstentions at 0.3% apiece — give this chain shutdown a clearer mandate than most. The spot price has already repriced the news, with ZETA up roughly 72% over the past 24 hours. The remaining variables — snapshot timing, exchange participation, the withdrawal window — are execution risks for the altcoin that reward tracking the vote record over FOMO-driven chasing. If contributors sequence the second proposal cleanly, this exit may become the template for how AI-pivoting chains shut down.