ZetaChain token holders approve wind-down of its Layer 1 and migration of ZETA to Solana

ZetaChain token holders have approved a plan to wind down ZetaChain’s Cosmos-based Layer 1 network and migrate the ZETA token to Solana, according to reports published September 21, 2026 ^[1].

Crypto Briefing reported that ZetaChain voted to shut down its Layer 1 and migrate ZETA to Solana ^[2].

Multiple outlets reported that the governance vote passed with 99.4% approval, with one account specifying 58% voter turnout and that the proposal exceeded a 40% quorum threshold ^{[3] [4]}.

One report said ZETA would convert to a Solana SPL token on a 1:1 basis, keeping the same ticker and total supply cap, and that an additional governance round is needed to set the snapshot block height, migration timeline, and final shutdown procedures ^[3].