LATEST: ZetaChain tokenholders have voted 99.4% to wind down its layer-1 blockchain and migrate ZETA to Solana at a 1:1 ratio.

What happened

ZetaChain tokenholders voted 99.4% to wind down its layer-1 blockchain and migrate ZETA to Solana at a 1:1 ratio, according to the supplied report.

Confirmed

Global impact / market context

Closing a layer-1 blockchain, a base network that runs its own transactions, shifts ZETA holders toward Solana. The 1:1 ratio means each ZETA converts into one ZETA on Solana, so holders keep the same token count but change networks.

Analyst inference

Solana would receive ZETA activity and holders, while ZetaChain's own network stops operating. For investors, this changes where the token trades and settles, and it may reduce demand for ZetaChain-specific validators, tools, and capital tied to that chain.

Analyst inference

What to watch

1. The vote result was 99.4% in favor of winding down ZetaChain's layer-1 blockchain and migrating ZETA to Solana at a 1:1 ratio. Confirmed
2. Watch for execution steps needed to complete the migration, including how ZETA moves to Solana and how the 1:1 exchange is handled for holders. Proposed
3. Track whether ZETA trading, holding, and network activity shift to Solana after migration, which would show how investors reposition around the move. Analyst inference

Affected assets

• SOL — Solana
• ZETA — ZetaChain

Evidence

• x.com