Solana
ZetaChain Community Approves Migration to Solana SPL Token Standard
ZetaChain token holders have voted decisively in favor of Proposal 68 to transition the network's native token to Solana.
ZetaChain token holders have approved Proposal 68 with 99.4% support and approximately 58% voter turnout, passing the 40% quorum requirement. The governance measure authorizes migrating the native ZETA token to an SPL standard on the Solana blockchain on a 1:1 basis, with no alteration to total supply and no newly minted tokens.
The passage of the proposal initiates the strategy without immediately halting the existing ZetaChain Layer 1 network. Validators and staking mechanisms will remain operational through the initial phase, while more than 300,000 Anuma accounts are slated to participate in the broader migration.
Operational execution will depend on a subsequent governance vote to determine the network shutdown block, token snapshot details, withdrawal timelines, and centralized exchange conversion schedules. Existing ERC-20 and Binance Smart Chain versions of ZETA remain unaffected by this specific vote.
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