Meme Insider
Fragmetric, the fastest-growing liquid restaking protocol on Solana, just dropped their latest buyback update — and it's another solid one.
In the third edition of their weekly buyback program, the team purchased 355,677 $FRAG at an average price of $0.0056 and immediately transferred everything to the Fragmetric Treasury Wallet.
The entire buyback was funded by 100% of protocol fees fees collected between November 13–19, which equaled 4% of the total yield generated by fragSOL during that period.
For those new to Fragmetric: fragSOL is their flagship liquid restaked token. Users stake SOL → get fragSOL → that fragSOL then gets restaked into Jito and other AVSs, earning extra yield on top of normal staking rewards. The protocol takes a small cut (that 4% of yield), and instead of keeping it or distributing it to insiders, they send every dollar of it straight to $FRAG buybacks.
This is real, sustainable revenue-to-token value accrual — the kind that actually matters in this cycle.
At $0.0056 average, this round cost roughly $1,992 in real US dollars — meaning fragSOL generated about $49,800 in yield for the ecosystem that week. Not bad for a protocol that's only been live a few months and already climbing the Solana restaking TVL ranks.
These weekly buybacks are now a guaranteed mechanism: every Thursday–Wednesday window, whatever fees come in → instantly converted to $FRAG → sent to treasury. No vesting cliffs, no team allocations siphoning value — just direct buy pressure from actual product usage.
The original update dropped earlier today:
New week, new buyback update
355,677 $FRAG was purchased at an average price of $0.0056 and transferred to the Fragmetric Treasury Wallet.
Backed by 100% of protocol fees generated, equal to 4% of fragSOL’s total yield during November 13 – November 19.
Three weeks in and Fragmetric is already showing how a restaking protocol should handle revenue: transparently, consistently, and ruthlessly in favor of the token.
If you're holding $FRAG or farming with fragSOL, this is exactly the kind of flywheel you want to see — real yield → real buybacks → reduced circulating supply over time → stronger price floor.
Solana restaking season is just getting started, and Fragmetric keeps shipping the mechanics that actually reward holders.
Keep stacking.
