SOL rises 2.26% in 24 hours. Meanwhile, an even more worthwhile action to watch in the same period is: an independent blockchain—decided to shut itself down through a vote.
On September 20, ZetaChain holders passed a proposal with 99.4% approval and a 58% participation rate: to migrate ZETA and its AI applications as a whole to Solana, and then gradually stop operating its independent Layer 1. The migration has not been carried out yet; the details will wait for a second proposal to be finalized.
This isn’t an isolated case. The on-chain card game Collector Crypt has reportedly generated around $1 billion in transaction volume. Card draws are spread across several markets—occurring in the Solflare wallet, opening packs, and reselling—while demand and settlement all take place on Solana.
There are also two additional stories that circulate only through a single source and are yet to be verified: one claims that a certain ETF client bought about $965 million worth of SOL; another claims that after regulatory loosened, negotiations for tokenizing stocks heated up by a certain foundation.
The common thread is that most of what’s coming in is someone else’s existing inventory.
So the question is: if you move the departing players’ assets onto Solana, does it count as ecosystem expansion—or is it just switching ledgers?
On September 20, ZetaChain holders passed a proposal with 99.4% approval and a 58% participation rate: to migrate ZETA and its AI applications as a whole to Solana, and then gradually stop operating its independent Layer 1. The migration has not been carried out yet; the details will wait for a second proposal to be finalized.
This isn’t an isolated case. The on-chain card game Collector Crypt has reportedly generated around $1 billion in transaction volume. Card draws are spread across several markets—occurring in the Solflare wallet, opening packs, and reselling—while demand and settlement all take place on Solana.
There are also two additional stories that circulate only through a single source and are yet to be verified: one claims that a certain ETF client bought about $965 million worth of SOL; another claims that after regulatory loosened, negotiations for tokenizing stocks heated up by a certain foundation.
The common thread is that most of what’s coming in is someone else’s existing inventory.
So the question is: if you move the departing players’ assets onto Solana, does it count as ecosystem expansion—or is it just switching ledgers?