Fragmetric, a re-staking protocol within the Solana ecosystem, announced the completion of a $5 million financing round led by Rockaway Capital. This investment highlights the growing importance of Solana and strengthens Fragmetric's position in the crypto landscape.
Fragmetric and Investments
Fragmetric has completed a $5 million financing round with participation from Rockaway Capital and Robot Ventures. Previously, in February 2025, the company raised $7 million with support from Finality Capital Partners and Hashed, showing consistent investor confidence in Fragmetric.
Impact on Solana and Market
The funds have positively impacted Solana's financial landscape, with a market cap of $7.5 billion in liquid staking tokens. Solana's ecosystem continues to show positive trends, with the token price increasing by 10.21% over the past 24 hours, according to CoinMarketCap data.
Technological Prospects
The influx of funding for Fragmetric may lead to technological and scalability advancements within the Solana ecosystem. Network and application growth is expected, potentially leading to increased regulatory engagement and innovation across the broader market. "Fragmetric's transparent on-chain reward distribution and elimination of forced selling make it a highly attractive re-staking solution," notes an industry expert.
The $5 million investment in Fragmetric underscores Solana's potential and demonstrates growing investor confidence in its infrastructure.
