ZetaChain proposes shutting down its L1 and moving ZETA to Solana
- —The vote to close the L1 opened on September 17 and will last 72 hours
- —ZETA will be swapped for a Solana SPL token 1:1, supply will remain 2.1 billion
- —Consensus will move to Solana validators, tokens on ETH and BNB Chain are unaffected
- —The flagship Anuma AI app with 300,000 users will move to Solana
Why it matters: The project is effectively abandoning its own blockchain in favor of Solana — a signal of how hard it is to sustain independent L1s amid competition.
Source: Crypto Briefing