ZetaChain Governance proposal approved: shut down the independent L1 and migrate to Solana
BIBIBI
AT A GLANCE
According to the original text,ZetaChain a governance proposal will determine the shutdown of the independent L1, migration to Solana, and the conversion of ZETA at 1:1 into SPL assets.
Article
ZetaChain Shut down L1 relocate to Solana, are the ZETA still valuable?ZetaChain Through 99.4%-approval governance proposal, it decided to abandon its independent L1 chain and migrate entirely to Solana，ZETA token 1: 1 converted into SPL assets, transforming from cross-chain infrastructure into the AI application Anuma. Behind this rare transformation following a community vote is the L1 sector's brutal shakeout.
The original text states that the ZetaChain governance proposal received an 99.4% approval rate.
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The original text states that the ZetaChain decided to abandon its independent L1 chain and fully migrate to Solana。
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The original text states that ZETA tokens will be converted at 1:1 into SPL assets.
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The original text states that ZetaChain will transform from cross-chain infrastructure into the AI application Anuma。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
According to the original description,ZetaChain will no longer continue to operate its own independent L1, but will instead migrate to Solana; existing ZETA will be converted on a quantity 1: 1 basis into SPL assets. 1: 1 This only represents the conversion quantity ratio and does not mean that the price or value will remain unchanged.
Why it matters to readers
This change involves ZetaChain's underlying network,ZETA's asset form and the project's development direction, potentially directly affecting how holders store, convert, and use tokens.
If you hold ZETA, you should focus on the official conversion process, supported wallets or platforms, and deadline arrangements; the original text does not provide these operational details, nor does it answer whether ZETA will retain market value after conversion.
Risks and unknowns
The original text does not provide official documentation for governance proposals, migration plans, or token conversion rules.
The original text does not specify the timing, procedures, or scope of the migration and 1:1 conversion.
The original text does not specify how assets, applications, or staking will be handled after the original independent L1 is shut down.
ZETA The post-conversion price, liquidity, and actual value cannot be confirmed from the original text.
Anuma’s specific functionality and progress toward its transformation have not been specified.
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Related concepts
L1
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