ZetaChain Governance Weighs Proposed Network Shutdown

Crypto Economy reports that ZetaChain’s governance vote concludes on November 7, 2026, with a proposal to permanently shut down the project’s layer-one network. If approved, the shutdown would occur on December 9 at block height 20,755,000. The reported timeline remains subject to the governance process rather than being a completed shutdown. Under the proposal, native ZETA tokens would be converted into SPL assets on Solana at a one-to-one ratio. Crypto Economy also reports that individual claims would require a minimum holding of 10 ZETA, making the threshold relevant for holders seeking to redeem or convert their tokens. The only supplied coverage comes from Crypto Economy, so there is no independent outlet corroboration of the proposed date, block height, conversion terms, or claim threshold. Live market data show a broadly weaker environment: Bitcoin fell 5.50% over 24 hours, the Fear & Greed index stood at 28 with a reading of Fear, and the total crypto market capitalization was $2.62 trillion. Solana was also lower, trading at $89.51, down 6.30% over 24 hours and 7.94% over seven days, with a $52.83 billion market capitalization. The proposal’s key remaining condition is the governance result, while token holders would need to review the reported conversion and claim requirements if the shutdown advances.