A pretty hardcore on-chain migration: ZetaChain is shutting down its own L1 and moving
$ZETA to Solana.
The official blog lays it out clearly: Governance Proposal 2 is live on ZetaHub, with voting open for about 72 hours (until around November 7). If it passes, a snapshot will be taken around December 9 and the ZetaChain L1 will be shut down. On the same day, native SPL ZETA tokens will be minted on Solana at a 1:1 ratio, and minting authority will be permanently revoked immediately afterward. No third-party bridge is involved. To claim, go to hub.zetachain.com/migrate, connect your original wallet, and sign a message specifying your Solana address. There are no fees, and you won’t need your seed phrase. Staked tokens and exchange balances will be converted automatically.
On the supply side, the roughly 55 million unissued tokens originally allocated for validator emissions will be burned monthly in 2027 according to the original release schedule. After the migration, there will be no further inflation. ZetaLabs, a privacy-focused AI app, is also set to launch on December 9, with ZETA as its core token. The direction was approved in September under Proposal 68, with about 99.4% voting in favor. This proposal locks in the dates and mechanics—if it doesn’t pass, this timeline won’t go ahead.
Migrating an entire L1 ecosystem is not a common move in crypto. Now it comes down to the vote and the security audit of the migration portal.
#ZETA #Solana #ZetaChain