Wrapped fragSOL
WFRAGSOL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WFRAGSOL (Wrapped fragSOL) is a Solana-based liquid restaking wrapper issued by Fragmetric. Across all evaluated dimensions, the project exhibits substantial operational, transparency, and market risks. Development activity is scored critically low (1.0/10) due to an absolute lack of public code repositories, commits, verifiable backing attestations, or release notes. Tokenomics (3.5/10) reflects an elastic supply wrapper with negligible market depth and redundant utility compared to direct holdings of fragSOL. Market metrics (2.5/10) are severely constrained by minimal liquidity ($107 in 24-hour volume against a $2.6M market cap) and an unrecovered 57.9% drawdown from all-time highs. Both Team/Governance (3.5/10) and Security (3.5/10) suffer from missing documentation, unknown leadership disclosures, unverified mint/burn authority, and an absence of third-party security audits. Data Gap Note: Community Support scored -1.0 due to insufficient engagement and sentiment metrics, and its 15% weight was redistributed proportionally across the remaining five sections. No qualifying red-flag events were established. The final score of 2.7 reflects severe opacity and illiquidity.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped fragSOL (WFRAGSOL)
Wrapped fragSOL (WFRAGSOL) is a Solana-based liquid restaking wrapper token issued by the Fragmetric protocol. As an SPL token, WFRAGSOL wraps fragSOL, the liquid restaking receipt token for Solana assets staked within the Fragmetric platform utilizing Jito Restaking. The underlying fragSOL asset is designed to accrue value through auto-compounding restaking yields and protocol fees, with WFRAGSOL functioning as an elastic-supply wrapper designed to mirror this underlying exposure.
The token features markets on platforms such as Orca and Kraken, though it exhibits minimal overall adoption in decentralized finance compared to holding fragSOL directly. Fragmetric maintains limited public transparency regarding the wrapper's technical and administrative infrastructure. Public development repositories, dated release notes, and formal governance proposals are absent, and there are no public disclosures regarding the core development team or the specific governance controls governing mint, burn, or custodial functions.
WFRAGSOL is subject to notable operational, security, and market risks. The token experienced a substantial price decline of 57.9% from its all-time high of $271.80 down to $114.34, which has remained largely unrecovered. Additionally, market metrics indicate extremely thin liquidity, characterized by daily trading volumes as low as $107 against a circulating market capitalization of roughly $2.6 million. Neither the wrapper nor the underlying Fragmetric protocol has verifiable third-party security audit documentation, and available project records present inconsistencies regarding its network deployment, occasionally referencing an unverified Ethereum ERC-20 deployment despite primary operations occurring on Solana.