Solana’s Restaking Protocol, Fragmetric, Secures $12M Funding to Drive Decentralization and Growth

Solana's restaking ecosystem began to take shape in late 2023, with more concrete implementations and fundings still occuring.
March 25, 2025
Solana’s Restaking Protocol, Fragmetric, Secures $12M Funding to Drive Decentralization and Growth

Fragmetric, a native liquid restaking protocol on the Solana blockchain, has successfully secured a total of $12 million in funding, following its recent $7 million seed funding round last month.

This latest round was led by RockawayX, with participation from notable investors including Robot Ventures, Amber Group, Hypersphere, and BitGo.

Notably, restaking on Solana began to take shape in late 2023, with more concrete implementations and fundings still occuring as staking gains traction as a popular method for cryptocurrency holders. Staking allows users to earn passive income by locking up their tokens to support network security. Stakers can earn an Annual Percentage Yield (APY) ranging from 5% to 8%, depending on network conditions and validator performance.

And Fragmetric’s restaking platform is designed to further enhance the economic potential and security of the Solana network by offering users a liquid restaking solution. It allows users to participate in various decentralized finance (DeFi) activities without sacrificing staking rewards, by allowing staked assets to remain liquid.

Fragmetric To Fuel and Expand its Restaking Operations

Fragmetric is set to use its $12M funding for the expansion of FragAsset, the assets involved in Fragmetric’s restaking process.

Notably, since the launch of Phase 2, Fragmetric has been growing at a remarkable pace, as evident by the increasing supply of fragSOL which has more than doubled since its launch. In this, approximately 50% of supply is being utilized in DeFi and over 43,000 in unique deposit addresses holding assets such as fragSOL and fragJTO.

Established with the goal of optimizing capital efficiency within the Solana network, Fragmetric focuses on Non-Custodial Node (NCN) reward distribution and the management of Liquid Staking Tokens (LSTs).

By leveraging Solana’s token extension capabilities, Fragmetric implements a normalized token scheme that seamlessly integrates various LSTs into restaking platforms. This approach not only enhances liquidity but also strengthens the network’s security and decentralization.

The recent introduction of TipRouter, a feature that automatically reinvests liquidity restaking proceeds, has further enhanced the returns for fragSOL and fragJTO holders on Fragmetric.

How Restaking Works on Solana

Restaking on Solana is an emerging concept aimed at optimizing the security, decentralization, and capital efficiency of the blockchain network.

Unlike traditional staking, where users delegate their tokens to validators for securing the network, restaking allows staked assets to be used in additional layers of security and utility. It enables users to earn extra rewards without compromising liquidity.

Solana

Restaking protocols such as Fragmetric, leverage liquid staking tokens (LSTs) to allow users to stake their SOL while still retaining liquidity. These tokens represent a user’s staked assets and can be further utilized in decentralized finance (DeFi) applications, such as lending, yield farming, and trading.

Thus, as more projects such as Solayer (backed by Binance Labs), Jito, Marinade Finance, Picasso Network, explore modular blockchain security, its high-speed, low-cost transactions can make it an ideal environment for scalable restaking solutions. And with increasing adoption of liquid restaking protocols, Solana could see a new wave of economic activity, further solidifying its position in the decentralized finance (DeFi) space.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

About Author

Experienced Web3 media professional who is always looking at the price tickers and seeking fresh stories for CoinGape's BrandTalk Section. Further, overseeing the regular and trending news production cycle with focus on bringing market insights to CoinGape's huge base of Web3 readers. Besides Crypto, passionate about reading stories of successful and emerging brands in tech and AI Space.

CoinGape is a burgeoning blockchain and crypto media company. It was recently awarded as the Best Crypto Media Company 2024 at Global Blockchain Show, Dubai. Our goal is to keep industry professionals up to date on the most recent news and developments. We are a team of experts who take great pride in offering unbiased and well researched information to help our readers make informed decisions. Read our Editorial Policy

©2025 All rights reserved