​Exciting news for Fragmetric! This Solana-based native liquid restaking protocol has just announced a successful funding round, bringing their total secured funding to an impressive $12 million. This follows hot on the heels of their $7 million seed funding round just last month.

This latest investment was spearheaded by RockawayX and saw strong participation from prominent investors including Robot Ventures, Amber Group, Hypersphere, and BitGo.

Notably, the concept of restaking on Solana really started gaining momentum in late 2023, and we’re now seeing more concrete projects and funding emerge as staking continues to grow as a popular way for crypto holders to earn. Think of staking as a way to earn passive income by locking up your crypto to help keep the network secure. Stakers can typically earn an attractive Annual Percentage Yield (APY) of around 5% to 8%, though this can fluctuate a bit depending on network activity and the performance of validators.

And Fragmetric’s restaking platform is specifically engineered to boost both the economic possibilities and the security of the Solana network by providing a clever liquid restaking solution. It essentially allows users to dive into the world of decentralized finance (DeFi) without giving up their staking rewards – because their staked assets remain liquid and accessible.

Fragmetric To Fuel and Expand its Restaking Operations

Fragmetric plans to utilize this fresh $12 million in funding to further expand FragAsset, the key assets that power their restaking process.

It’s worth noting that Fragmetric has seen impressive growth since launching Phase 2. This growth is clearly demonstrated by the soaring supply of fragSOL, which has more than doubled since launch. Impressively, around 50% of this supply is already being put to work in DeFi, and over 43,000 unique deposit addresses are holding assets like fragSOL and fragJTO.

Built with the mission of maximizing capital efficiency within the Solana ecosystem, Fragmetric is primarily focused on streamlining Non-Custodial Node (NCN) reward distribution and efficiently managing Liquid Staking Tokens (LSTs).

By taking advantage of Solana’s advanced token extension capabilities, Fragmetric has implemented a smart token scheme that seamlessly integrates various LSTs into restaking platforms. This approach not only boosts liquidity but also plays a crucial role in strengthening Solana’s network security and promoting decentralization.

The recent launch of TipRouter, a clever feature that automatically reinvests liquidity restaking earnings, has further amplified the returns for those holding fragSOL and fragJTO on Fragmetric.

Fragmetric has secured $12M in total funding, with our latest $5M strategic round led by @Rockaway_X, with participation from @robotventures, @ambergroup_io, @hypersphere_, and @BitGo. pic.twitter.com/agDwDwSW2x

— Fragmetric (@fragmetric) March 24, 2025

How Restaking Works on Solana

Restaking on Solana is a relatively new and exciting concept that’s all about maximizing the security, decentralization, and efficient use of capital within the blockchain network.

Unlike traditional staking, where you simply delegate your tokens to validators to help secure the network, restaking unlocks further potential. It allows staked assets to be utilized in additional layers of security and applications. The best part? Users can earn extra rewards without sacrificing the flexibility of their assets.

Restaking protocols, like Fragmetric, cleverly use liquid staking tokens (LSTs) to enable users to stake their SOL and keep their assets liquid at the same time. These LSTs act as a representation of your staked assets and can be further utilized across various decentralized finance (DeFi) platforms for things like lending, yield farming, and trading.

As more innovative projects like Solayer (backed by Binance Labs), Jito, Marinade Finance, and Picasso Network explore modular blockchain security, Solana, with its super-fast and low-cost transactions, stands out as the perfect place for scalable restaking solutions. With the increasing popularity of liquid restaking protocols, Solana could be on the verge of a significant surge in economic activity, further cementing its place as a powerhouse in the decentralized finance (DeFi) world.

Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.