Key Takeaways:
- Fragmetric secures $12M in funding, reinforcing its role in Solana’s restaking ecosystem and commitment to decentralization.
- Restaking boosts capital efficiency, security, and yields, offering Solana users multiple earning opportunities while strengthening the network.
- Rapid adoption of fragSOL, with its total supply more than doubling and over 50% being utilized in DeFi protocols.
- Strategic partnerships and investor backing, including Jito, Switchboard, Rockaway_X, and BitGo, driving innovation and long-term growth.
Notably, the Solana restaking ecosystem is booming, and Fragmetric is leading the way. Just two months after securing a $7 million seed round, the company is in the news again after announcing a new round of strategic funding. The continued support for restakers in maximizing yields, particularly in this latest investment round, not only reaffirms the company’s vision but also underscores its commitment to enhancing Solana’s decentralization and boosting yields through accelerated growth.
Fragmetric has secured $12M in total funding
Restaking and Why it Matters in the Solana Ecosystem
Restaking is a new pattern in the development of blockchain infrastructure that enables users to maximize yields by staking their assets multiple times for added rewards. As opposed to standard staking in which users lock their assets within a single validator, restaking allows a user to earn rewards from various protocols while preserving the security of the network.
On the other hand, restaking brings novel incentives for Solana, a blockchain built for fast transactions and low fees, with implications for long-term adoption and sustainability. According to KuCoin’s report on Solana restaking, its potential includes:
- Steal Capital Efficiency – Stakers of SOL can earn rewards from multiple DeFi procedures while staking their original SOL tokens.
- Improved Network Security – The more dispersed staked assets across validators and protocols in Solana’s ecosystem, the greater the decentralization and security it enjoys.
- Generate More Yield naturally – Restakers can have different layers of yield coming from their DeFi lending, staking rewards, and many liquid staking derivatives (LSDs).
Fragmetric: Supply Approximately Doubled, Adoption Continued to Grow
Since kicking off Phase 2, Fragmetric has been growing exponentially, with:
- In recent months, the total supply of fragSOL has increased more than two-fold.
- About 50% of fragSOL being used in DeFi protocols.
- 43k+ unique deposit addresses showing good user engagement.
This marked an impressive 4 month for Fragmetric and a sign of growing demand for scalable restaking solutions while positioning Fragmetric as a key player in Solana’s burgeoning DeFi ecosystem.
Innovation Powered by Strategic Partnerships
The team behind Fragmetric has scored integrations with major Solana projects, securing a place in the restaking game. The platform has:
- Integrated speaking with jito_sol’s TipRouter to optimize staking and validator rewards.
- Teamed up with Switchboard for increased security and decentralization across the network.
These integrations will not only create actual revenue for restakers, but will also contribute to the security and reliability of Solana’s whole infrastructure.
Domain Enabling the Growth of fragAsset
Fragmetric aims to increase its fragAsset ecosystem as the latest round of funding aids the platform in solidifying its standings as a prominent Solana restaking platform. The new capital will support:
- New restaking mechanisms to improve capital efficiency.
- Improving UIs to simplify DeFi access for retail and institutional users.
Backing from Industry Giants
Some of the top investors in the blockchain space are part of Fragmetric’s success:
- Rockaway_X — A top investor in Web3 Infrastructure.
- Robot ventures – With a reputation for best when it comes to scoring skyrocketing DeFi projects.
- Ambergroup_io – Key player in crypto trading and asset management.
- BitGo – A reliable institution with longstanding experience in custodianship.
- Hypersphere – Investing in solution sets of blockchain scalability.
This broad portfolio of backers adds weight to Fragmetric’s longevity and, critically, provides the bandwidth to innovate in restaking and DeFi.
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