PANews reported on February 7 that Fragmetric announced that it has completed a $7 million seed round of financing, led by Finality Capital Partners and Hashed, with participation from Hypersphere, Presto Labs, Bitscale Capital, Halo Capital and Flowdesk, and support from multiple angel investors in the Solana and Resttaking ecosystems.

Fragmetric is committed to building the first Liquid Restaking site in the Solana ecosystem, focusing on NCN (Node Consensus Network) reward distribution and LST (Liquid Staking Tokens) management, aiming to optimize capital efficiency and enhance Solana's security and decentralization capabilities.

Since its launch in October 2024, the protocol has attracted more than 25,000 independent addresses to hold assets such as fragSOL and fragJTO. With the launch of TipRouter, the liquidity re-staking income will be automatically reinvested, further increasing the yield of fragSOL and fragJTO. In addition, Fragmetric plans to integrate more DeFi protocols in the future, and collaborate with Jito Staking and the upcoming NCN projects such as Squads Protocol, Switchboard, Sonic SVM, Ping Network, etc. to promote the expansion of the Solana ecosystem.