ZetaChain votes to shut down Layer 1 network and move ZETA to Solana

Read original at The Block·

ZetaChain votes to shut down Layer 1 network and move ZETA to Solana

60-second summary

ZetaChain votes to shut down its Layer 1 network and migrate the ZETA token to Solana, shifting development focus to its private AI application, Anuma, while a final vote remains required for the migration; this move signals reduced confidence in ZetaChain’s independent chain, potentially boosting Solana’s ecosystem liquidity but raising short‑term uncertainty for ZETA holders.

The team plans to focus instead on Anuma, its private AI app, though the migration will still take one more vote.