ZetaChain to Shut Down L1, Burn 55M ZETA After Solana Migration Vote

A unanimous governance vote to abandon its own L1 is a striking signal that some app-focused chains now see more upside in renting security and liquidity from a major ecosystem than running independent validator sets. The supply cut via burning unissued validator incentives matters most for holders, since it removes future dilution tied to a chain that will no longer exist. The open questions are whether the 1:1 claim process runs cleanly and whether the December 9 ZetaLabs launch gives the migrated token a real product anchor on Solana.