Ankr Network
ANKR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ANKR (Ankr Network) provides decentralized Web3 infrastructure, node hosting, RPC endpoints, and liquid staking integrations. The project demonstrates solid active development (6.5/10) with multi-language repository activity and experienced leadership (6.5/10) backed by tier-1 institutional investors like Pantera Capital. Tokenomics (5.5/10) benefit from a fixed 10 billion token supply with 100% currently in circulation, eliminating future unlock overhang, though the ecosystem lacks a fee-accrual or token-burn mechanism. Community support (4.0/10) remains subdued, with minimal on-chain governance activity recorded. In security (5.0/10), Ankr maintains audits from Beosin and Salus; however, its history is marked by a major December 2022 exploit of its aBNBc derivative token involving a supply-chain key compromise. Because the incident was fully remediated via ~$15 million in user compensation and occurred more than 24 months prior to the evaluation date (December 2022 vs. August 2026), it is factored into the security section score rather than triggering the red-flag score cap. Market performance (5.5/10) reflects severe drawdowns from all-time highs (-98.1%) and a modest market capitalization of ~$40.8M.
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 Ankr Network (ANKR)
Ankr Network (ANKR) is a decentralized Web3 infrastructure platform that provides distributed blockchain node hosting, remote procedure call (RPC) endpoints, API access, and liquid staking integrations across multiple blockchain networks. Founded in 2017 by Chandler Song and Ryan Fang and legally incorporated as Ankr Inc. in San Francisco, the project completed an initial coin offering (ICO) in 2018 and has received backing from institutional investors including Pantera Capital and OKX. The network aims to reduce the operational overhead and costs of maintaining independent validator and developer infrastructure by aggregating shared, multi-chain node resources.
The native ANKR token functions as a utility and governance asset within the platform. It is used to pay for premium infrastructure subscriptions, serve as collateral for node providers, fund staker and node rewards, and facilitate ANKR DAO governance participation. While token holders who lock 5,000,000 ANKR can submit governance proposals, execution remains centralized with the core development team. The token has a fixed maximum supply of 10 billion tokens, of which 100% is in circulation with no additional emissions, though the economic design does not include a token burn or protocol fee-accrual mechanism.
In December 2022, Ankr experienced a major security incident involving its aBNBc liquid staking derivative token, resulting from an insider supply-chain attack where a former team member compromised a deployer private key. The incident disrupted the aBNBc derivative, halted decentralized exchange trading, and impacted the connected Helio Protocol. In response, Ankr re-secured its smart contracts, cooperated with law enforcement, implemented a bug bounty program, and distributed approximately $15 million in user compensation funded by the ANKR Ecosystem Grant Fund. The protocol subsequently completed additional smart contract audits from firms such as Beosin and Salus Security. Market performance has experienced significant volatility, with the ANKR token declining by 98.10% from its all-time high of $0.2135 alongside subdued on-chain governance activity.