Fragmetric vs Solayer PE Ratios: Picking Winning Restaking Derivatives 2026

In the high-stakes arena of Solana’s restaking ecosystem, Fragmetric and Solayer stand out as frontrunners, each vying for dominance in liquid restaking derivatives. As of February 4,2026, Fragmetric’s FRAG token trades at $0.001655, reflecting a modest 24-hour dip of -0.007640% from its high of $0.001680. This positions it amid volatile LST environments where protocols like these promise compounded yields but demand rigorous scrutiny. Investors chasing restaking PE ratios must look beyond surface prices to underlying tokenomics, TVL growth, and revenue accrual – proxies for traditional valuation in crypto’s wild west.

Fragmetric, Solana’s pioneering liquid restaking protocol launched in 2025, has evolved into the FRAG-22 asset management standard. It enables restaking of diverse LSTs like fragSOL, sSOL, JitoSOL, mSOL, and even sonicsSOL, leveraging Solana’s throughput for real-time exchange ratio calculations. With $12 million in funding fueling decentralization efforts, Fragmetric unlocks composable restaking, minting fragAssets that maintain precise conversion ratios. Yet, this versatility introduces complexity; divergent LST price feeds could amplify liquidity risks during black swan events, a concern I’ve stress-tested extensively.

Fragmetric’s Yield Machinery Under the Hood

At its core, Fragmetric’s normalized token program ensures deposited assets map accurately to minted tokens, fostering DeFi composability across protocols. Users can deploy fragSOL in yield optimizers or F Point farms, as outlined in community guides. This multi-asset approach differentiates it from EigenLayer-inspired models, potentially capturing broader Solana LST flows. However, current FRAG valuation at $0.001655 – down slightly to a 24-hour low of $0.001647 – signals market caution. Without disclosed P/E equivalents, we proxy via TVL-to-market-cap ratios; Fragmetric’s growth trajectory suggests undervaluation if restaking TVL surges, but validator concentration remains a fragility point.

Solayer, another 2025 entrant, takes a more focused tack: optimizing idle staked SOL via validator resource allocation. Billed as a Layer-2 atop Solana for scalability and liquidity, it introduces LAYER tokens to incentivize restaking. Participation is straightforward, as seen in Binance’s Solana Restaking Season with minimal 0.2 SOL deposits. Solayer maximizes utility by restaking staked SOL, potentially yielding steadier base rewards than Fragmetric’s diversified basket. Still, its narrower scope limits exposure to assets like JTO or BTC LSTs, capping upside in a multi-token restaking boom.

Solayer’s Precision Restaking Playbook

Solayer’s protocol emphasizes node efficiency, channeling restaked SOL to high-performing validators. This could edge out competitors in reward distribution mechanisms, per Dune Analytics insights on Jito and Solayer overlaps. Yet, in a fragmetric vs solayer lens, Solayer’s LAYER token lacks the multi-LST flexibility, potentially trailing if Solana’s LST ecosystem fragments further. Market data underscores FRAG’s current $0.001655 price as a benchmark; Solayer’s implied valuation merits comparison through yield-adjusted metrics, where black swan resilience – like liquidity preservation in LST depegs – tips the scales.

Proxying Restaking PE Ratios for 2026 Bets

Traditional P/E ratios falter in crypto restaking derivatives; tokens accrue value via protocol fees, points, and airdrops rather than EPS. For restaking derivatives comparison, consider revenue share of TVL: Fragmetric’s real-time ratios and $12M war chest position it for explosive scaling, potentially justifying a forward P/E proxy below 20x if yields hold 15-20%. Solayer, akin to solayer eigenlayer dynamics, bets on SOL-centric efficiency, with lower dispersion risks but capped composability. My stress tests reveal Fragmetric’s edge in bull scenarios, yet Solayer’s focus mitigates tail risks – crucial for 2026’s uncertain volatility.

Dissecting these protocols demands granular tokenomics audits. Fragmetric’s evolution from liquid restaking to advanced standards showcases innovation, but execution hinges on oracle reliability amid Solana’s speed. Solayer counters with streamlined SOL maximization, appealing to conservative yield chasers. As FRAG lingers at $0.001655, early positioning favors diversified plays, tempered by rigorous risk overlays.

About the Author

Jennifer Voss

Author

Jennifer Voss, a 9-year DeFi yield expert, crafts aggressive strategies for restaking derivatives, maximizing LST composability across protocols. Her news alerts have timed major yield spikes for institutional players. 'Yield farm the restaking revolution.'

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