@Iamyourchaos Byreal has indeed created a promising new model by moving IEO onto the Solana chain, combining the liquidity of centralized exchanges and the transparency of DeFi. Fragmetric, as the first launch project, is backed by the narrative of Solana's staking agreement, with TVL stable at $300 million and support from top tier VC firms such as Hashed, Robot Ventures, and Amber Group. The fundamentals look quite solid.