Fragmetric
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
1 entities · 10 linked investigations- + 2 more
Timeline(12 events)
2024-08-29
Fragmetric introduced fragSOL as the first Solana-native Liquid Restaking Token via partnership with Jito, announced on X.
Fragmetric X / Official Blog2024-10-07
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 Reports2024-10-01
Fragmetric launches on Solana mainnet with fragSOL. Protocol reports 25,000+ unique addresses within weeks.
Fragmetric Blog — Seed Round Announcement2024-11-01
Quantstamp completes audit of Fragmetric Restaking Program; all identified issues reported as addressed.
Quantstamp Certificate2025-02-07
$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 Blog2025-03-24
$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 / CryptoNinjas2025-05-22
Certora begins second audit of Fragmetric Restaking v0.6.3; audit period runs through July 18, 2025.
Certora Reports2025-06-24
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 Floor2025-07-01
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 News2026-02-13
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
- hash: 7FqRxxsh4JCwqXGPnm8JWCtCSeFHk1MEPvsWJc3YXgF9
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 4:17:37 AM
last updated: 6/1/2026, 4:17:43 AM
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