According to coinotag, ZetaChain's Governance Proposal 2 passed on November 8 with 99.99% support and 83% turnout, approving a 1:1 token migration from ZetaChain L1 to Solana. The network will shut down around December 9, with holders' ZETA balances recorded at block height 20,755,000 and swapped for Solana-based ZETA.

The ZetaChain Foundation will burn approximately 55 million unissued ZETA at roughly 4.6 million tokens per month through December 2027. Holders in self-custody can claim migrated tokens through ZetaHub's portal by connecting their wallet and designating a Solana receiving address, while exchange customers will see automatic conversions handled by their platforms between December 7 and 10.

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