ZetaChain holders approve plan to wind down L1, move ZETA to Solana

60-second summary
ZetaChain holders approve a plan to wind down its Cosmos‑based layer‑1 and migrate the ZETA token to Solana, marking another project abandoning a standalone chain. The vote signals confidence in Solana’s scalability and ecosystem, while investors anticipate potential price volatility as liquidity shifts. This migration underscores a broader industry trend toward consolidating assets on larger, more robust networks.
ZetaChain plans to wind down its Cosmos-based layer 1 and migrate ZETA to Solana, joining other crypto projects moving away from standalone chains.