ZetaChain proposes Solana migration, L1 halt on December 9

ZetaChain has proposed shutting down its Layer 1 blockchain on December 9 and moving its native ZETA token to Solana, alongside plans to launch a private artificial intelligence platform called ZetaLabs. ZetaChain has opened a 72-hour governance vote on moving ZETA to Solana, with voting closing November 7, 2026. If approved, the ZetaChain Layer 1 will halt around December 9, with native ZETA converted into Solana tokens at a 1:1 ratio. The proposal provides for burning approximately 55 million ZETA in undistributed validator rewards during 2027.

Also reported by Coinotag.

Source: crypto.news