ZetaChain seeks approval for Solana migration and L1 shutdown
ZetaChain has proposed moving ZETA to Solana and discontinuing its Layer 1 as part of a 2027 roadmap that includes a token burn.
ZetaChain has proposed moving ZETA to Solana and discontinuing its Layer 1 as part of a 2027 roadmap that includes a token burn. Solana (SOL) is trading at ₹8,609 ($90.98), down 4.6% since this brief published. This is an original Token Times brief synthesising 2 outlets (Crypto.news, Blockonomi), plus live market data, as of Thu, 05 Nov 2026 15:15:01 UTC.
The proposal would materially change ZetaChain’s architecture by shifting its token activity to Solana while ending the existing Layer 1. It also links the migration to ZetaLabs and the retirement of roughly 55 million tokens during 2027.
- ZetaChain is seeking approval for a proposed Solana migration.
- The plan targets a December 9 L1 shutdown and the launch of ZetaLabs.
- About 55 million ZETA tokens would be burned during 2027.
- SOL trades at $95.35, up 2.93% over 24 hours but down 5.14% over seven days.
ZetaChain has submitted a proposal seeking approval to migrate ZETA to 
Solana, according to Crypto.news. The plan identifies December 9 as the date for discontinuing the project’s Layer 1, subject to the approval process.
The proposal also calls for launching ZetaLabs. ZetaChain intends to burn approximately 55 million ZETA tokens during 2027, creating a connection between the proposed network transition, the new product and the planned reduction in token supply. No additional outlets covered the proposal, so these details remain attributable to Crypto.news alone.
The move would place ZetaChain’s token within the Solana ecosystem while ending the Layer 1 that currently supports it. The proposed December 9 timing makes the approval and implementation schedule central to the announcement, while the 2027 burn provides a longer-term element to the roadmap.
Live market context is broadly positive, although performance varies by asset. The total crypto market capitalization stands at $2.73 trillion, 
Bitcoin is up 1.86% over 24 hours, and the Fear & Greed Index is at 50, indicating neutral sentiment. Solana is valued at $95.35, with a 2.93% gain over 24 hours, a 5.14% decline over seven days and a $56.29 billion market capitalization.
The main items to monitor are whether the proposed migration receives approval, whether the December 9 shutdown and ZetaLabs launch proceed as scheduled, and the scale and timing of the planned token burn. The market data provides context for current conditions but does not establish how the proposal could affect ZETA or Solana.
Since this brief published about 2 hours ago, Solana (SOL) has moved from ₹9,022.03$95.35 to ₹8,608.54$90.98 — -4.58%, a notable move.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₹9,491.03 (about $90.98), down 6.7% over 24 hours. The rupee itself trades about 10.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 5, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
ZetaChain seeks approval for Solana migration and L1 shutdow — questions & answers
What is ZetaChain proposing?
ZetaChain is seeking approval to move ZETA to Solana and shut down its Layer 1 on December 9. The proposal also includes launching ZetaLabs and burning about 55 million tokens during 2027.
How much ZETA would the proposal burn?
Approximately 55 million ZETA tokens would be burned during 2027, according to Crypto.news.
How is Solana performing currently?
SOL is trading at $95.35, up 2.93% over 24 hours but down 5.14% over seven days. Its market capitalization is $56.29 billion.
How much is 1 Solana worth in rupee today?
About ₹9,491.03 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $90.98. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee page for any amount.
Has Solana's price moved since this brief was published?
SOL is down 4.58% since this brief first published — trading at ₹8,609 ($90.98) now versus ₹9,022 ($95.35) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news, Blockonomi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.