AI · Crypto Briefing
ZetaChain proposes shutting down its L1, migrating ZETA token to Solana
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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The cross-chain project wants to abandon its own blockchain entirely and relaunch as a native Solana SPL token after security issues forced it to disable core services earlier this year.
Key facts
- A governance proposal opened on September 17 asks ZETA token holders to approve winding down the Layer-1 blockchain entirely and converting ZETA into a native SPL token on Solana through a 1:1 swap
- By June 30, 2026, ZetaChain had fully wound down its cross-chain deposit services and disabled the interoperability features that were supposed to be its reason for existing
- The centerpiece application making the move is Anuma AI, which has accumulated over 300,000 users
- Total supply stays capped at 2.1 billion tokens, vesting schedules remain unchanged, and no new tokens will be minted as part of the transition
Summary
ZetaChain, the project that once pitched itself as the connective tissue between blockchains, now wants to pull the plug on its own chain and move everything to Solana. A governance proposal opened on September 17 asks ZETA token holders to approve winding down the Layer-1 blockchain entirely and converting ZETA into a native SPL token on Solana through a 1:1 swap. The migration plan preserves the existing token economics. L1 validation responsibilities would transfer to Solana validators, effectively outsourcing the consensus layer to an established network rather than maintaining a separate validator set.