Fragmetric
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 50 → 68. Problems weighed by who is responsible: concerns that are not fraud −15.6, problems around the subject, caused by others −1.5; legitimacy credit long-running +2, audits +8; fact-check adjustments (−18) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -15.6 |
| Problems around it, caused by others | -1.5 |
| Long-running | +2 |
| Audited | +8 |
| Sum | 58 |
Score: 68/100 (kept between 0 and 100)
How scoring works →Summary
Fragmetric (fragmetric.xyz) is a Solana-native liquid restaking protocol that issues fragSOL, fragJTO, and fragBTC as Liquid Restaking Tokens (LRTs) built on Jito's restaking infrastructure. The protocol raised $12 million across seed and strategic rounds from recognized institutional backers including Hashed, Finality Capital, and RockawayX, and has undergone multiple independent security audits by Certora and Quantstamp. Material risks include smart-contract complexity inherent to restaking, slashing exposure through Node Consensus Networks (NCNs), partial team pseudonymity, and significant FRAG token price depreciation following the July 2025 listing.
Connected Entities
5 entities · 60 linked investigations- Exponent Finance→mentioned with→Solana(80%)
- Exponent Finance→mentioned with→Fragmetric(70%)
- Fragmetric→mentioned with→Exponent Finance(80%)
- Fragmetric→mentioned with→Solana(80%)
- Fragmetric→mentioned with→Backpack(65%)
- Fragmetric→mentioned with→Bitget(65%)
- Backpack→mentioned with→Solana(80%)
Connected Through
5 shared actors · 406 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- □Bitgetorganization
- □Backpackorganization
- ⌂Exponent Financeprotocol
Timeline(12 events)
29 August 2024
Fragmetric introduced fragSOL as the first Solana-native Liquid Restaking Token via partnership with Jito, announced on X.
Fragmetric X / Official Blog7 October 2024
Certora begins formal verification and manual audit of Fragmetric v1 smart contracts; audit period runs through October 21, 2024. Several bugs identified including a critical withdrawal issue.
Certora ReportsOctober 2024
Fragmetric launches on Solana mainnet with fragSOL. Protocol reports 25,000+ unique addresses within weeks.
Fragmetric Blog — Seed Round AnnouncementNovember 2024
Quantstamp completes audit of Fragmetric Restaking Program; all identified issues reported as addressed.
Quantstamp Certificate7 February 2025
$7 million seed round closes, co-led by Finality Capital Partners and Hashed, with participation from Presto, Hypersphere, Bitscale Capital, Halo Capital, and Flowdesk.
Fragmetric Blog24 March 2025
$5 million strategic round closes at $125 million valuation, led by RockawayX with participation from Robot Ventures, Amber Group, Hypersphere, and BitGo Ventures. Total funding reaches $12 million.
Fragmetric Blog / CryptoNinjas22 May 2025
Certora begins second audit of Fragmetric Restaking v0.6.3; audit period runs through July 18, 2025.
Certora Reports24 June 2025
Season 1 airdrop snapshot taken; 100 million FRAG tokens (10% of supply) allocated to community, with 80 million (8%) to LF(ra)G campaign participants.
Fragmetric Blog / Solana FloorJuly 2025
FRAG token lists on Bybit, MEXC, Gate.io, Bitget, and Backpack. Token reaches all-time high of approximately $0.168. Airdrop claims open July 2.
AInvest / MEXC News13 February 2026
FRAG token reaches all-time low of approximately $0.00135, representing a decline of over 99% from ATH, driven by post-airdrop sell pressure and normalized restaking yields.
CoinMarketCapDecision Log
- slot 455366896 · hash 2BDG2et7LB2HSo3FmuQp9HLgtmGux77DHHFXurmCKPmp
- slot 425206279 · hash EFRMiWs3iM1uRE5mbapZzUk58Hu2WpzfxMiSTsyJUNRz
- slot 425206274 · hash 9uP7FQJhvN16UuYimdDQ6dJct7NifnqyDyS6FJsJumos
- slot 423648378 · hash 64gq1Fig5XsMmaDeyJFosn8aV11bGH72xe1T61wKZyog
- slot 423648374 · hash 3qrbCcBybLTQeFYBw48JeZTRNt8V9DUfP5LbojyLRAuh
- slot 423517833 · hash 7FqRxxsh4JCwqXGPnm8JWCtCSeFHk1MEPvsWJc3YXgF9
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 23 of 23 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/1/2026, 4:17:37 AM
last updated: 10/10/2026, 6:46:59 PM
5 viewsavoid.net — verified advice for a post-truth world