ZetaChain Holders Vote 99.99% to Migrate ZETA to Solana, Halt Layer 1

ZetaChain holders approved a 1:1 migration of native ZETA to Solana, with voting on Proposal 70 closing Nov. 7 at more than 99.99% support and 83% participation, according to the governance record. The vote converts a transition plan previously under consideration into an approved roadmap that halts the network's Layer 1 around Dec. 9 and burns roughly 55 million undistributed ZETA through 2027.

The approved plan fixes the final balance snapshot at block 20,755,000, expected around Dec. 9 — the same date the ZetaChain Layer 1 is scheduled to halt. Users may begin claims on Dec. 9, but only if a pending security review of the claim infrastructure completes by then. The claim portal's opening is therefore conditional on the audit timeline, not on the governance vote itself.

What does the migration cover?

Native ZETA on ZetaChain migrates to a Solana token at a 1:1 ratio. Self-custody addresses must hold at least 10 ZETA at the snapshot block to qualify for a claim. Qualifying claims will require neither a fee nor SOL, removing a common friction point for users who hold no Solana gas assets.

The scope has one explicit carve-out: ZETA held on Ethereum as an ERC-20 token falls outside the plan. Holders in that form will not participate in the snapshot-based migration.

The migration creates no new ZETA. Maximum supply across chains will decline by exactly the amount burned.

How will the 2027 burns work?

The validator-incentives allocation totals 210 million ZETA. About 55 million of that is expected to remain undistributed at the snapshot. ZetaChain plans 12 monthly burns from January through December 2027, at roughly 4.6 million ZETA each.

The exact burn figure will be calculated at the snapshot, since distribution of validator rewards between now and block 20,755,000 determines the remainder. The burn schedule functions as a supply contraction tied directly to the network wind-down: rewards no longer payable to validators on a halted chain retire permanently rather than redeploying.

What happens to locked allocations?

Purchaser and core-contributor allocations are scheduled to finish unlocking on Jan. 1, 2027. That date precedes the burn window, meaning those tokens complete their vesting before the supply reduction begins.

ZetaChain has also committed not to sell newly released ZETA in 2027 from four pools: the User Growth Pool, the Ecosystem Growth Fund, the Protocol Treasury and the Liquidity Incentives allocations. The commitment constrains sell-side pressure from treasury-controlled tokens during the same year the burns run.

What launches alongside the halt?

ZetaLabs, a planned AI product, is scheduled to launch Dec. 9 — the same day as the snapshot and Layer 1 halt. The product gives ZETA a post-migration utility base on Solana.

Users are scheduled to pay with ZETA at a discount, vote on supported markets, data sources and AI models, and lock ZETA for Premium access beginning in the first quarter of 2027.

Block explorer ZetaScan will remain available, with an archive node provided through Oct. 31, 2027. The archive preserves historical chain data for nearly two years past the halt.

The next scheduled milestone is the block 20,755,000 snapshot and the planned Layer 1 halt around Dec. 9, followed by claim portal opening once the security review clears.