SOL Market Cap: ~$64B | Price: ~$112
ZetaChain has voted to retire its own Layer-1 blockchain and move ZETA to Solana.
The proposal received 99.4% support, with 58% voter participation versus a required 40% quorum.
💬 ZETA will become a native Solana SPL token on a 1:1 basis.
⏺ The ticker and total supply will remain unchanged.
⏺ The final shutdown date has not been set another vote will define the migration parameters.
💬 The team says it no longer needs its own L1 for its AI application Anuma, while maintaining a separate Cosmos SDK chain requires ongoing security updates and resources.
For Solana, this is another project choosing its infrastructure instead of maintaining its own L1.
SOL key levels:
📈 Above $115 → $120
📉 Below $105 → $100
Conclusion:
ZetaChain is effectively shifting from operating its own blockchain to building around Solana's ecosystem. That's a positive infrastructure signal for SOL, although the migration itself does not guarantee a price move.
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