#zetachain投票批准zeta迁移至solana
A chain vote shut itself down, and the token rose by about 70% in one week.
▪️ Proposal 68 passes: 99.4% in favor, turnout 58%, threshold 40%. But it only approved the direction—moving tokens has to wait for the second proposal, and it still needs to pass an exchange first.
▪️ Cross-chain deposits stopped on June 30— the rationale for keeping it was taken offline more than two months before the vote. Market cap was about $100 million, down 98% from the February 2024 peak.
▪️ The new demand-side is Anuma: 300,000 users, 35 models. ZETA locks tokens in exchange for AI credits; the locked portion is removed from circulating supply.
▪️ 1:1 exchange, total supply unchanged, vesting schedule unchanged, and precision reduced from 18 digits to 9 digits. The bridge proposal was rejected—the bridge requires the origin chain to still be alive, but the origin chain needs to be shut.
The disagreement isn’t about whether shutting down counts as admitting defeat; it’s about ZETA’s demand shifting sources: from “fuel for cross-chain applications” to “AI application discount vouchers.” The former looks at how much money other chains have on-chain, while the latter looks at how many people open your own App.
This isn’t one company’s issue. In the same month, Linera also shut down; Moonbeam stopped producing blocks on 7/31. The costs of building a chain—liquidity and attention—have already become higher than deploying to places where users already are.
Shut the chain down and plug into a larger ecosystem—do you call it cutting losses or upgrading? $ZETA $SOL
A chain vote shut itself down, and the token rose by about 70% in one week.
▪️ Proposal 68 passes: 99.4% in favor, turnout 58%, threshold 40%. But it only approved the direction—moving tokens has to wait for the second proposal, and it still needs to pass an exchange first.
▪️ Cross-chain deposits stopped on June 30— the rationale for keeping it was taken offline more than two months before the vote. Market cap was about $100 million, down 98% from the February 2024 peak.
▪️ The new demand-side is Anuma: 300,000 users, 35 models. ZETA locks tokens in exchange for AI credits; the locked portion is removed from circulating supply.
▪️ 1:1 exchange, total supply unchanged, vesting schedule unchanged, and precision reduced from 18 digits to 9 digits. The bridge proposal was rejected—the bridge requires the origin chain to still be alive, but the origin chain needs to be shut.
The disagreement isn’t about whether shutting down counts as admitting defeat; it’s about ZETA’s demand shifting sources: from “fuel for cross-chain applications” to “AI application discount vouchers.” The former looks at how much money other chains have on-chain, while the latter looks at how many people open your own App.
This isn’t one company’s issue. In the same month, Linera also shut down; Moonbeam stopped producing blocks on 7/31. The costs of building a chain—liquidity and attention—have already become higher than deploying to places where users already are.
Shut the chain down and plug into a larger ecosystem—do you call it cutting losses or upgrading? $ZETA $SOL
