Ankr Coin: A Decentralized Web3 Infrastructure for Everyone

Ankr Coin: A Decentralized Web3 Infrastructure for Everyone

Ankr Coin (ANKR) is the native utility token of Ankr Network, a platform that offers node solutions, staking, and web services for developers, dApps, game studios, and integrators. In this post, we will explore the features, trends, updates, analysis, and outlook of this coin.

Coin Introduction and Features

Ankr Network was founded in 2017 by Chandler Song, Ryan Fang, and Stanley Wu, who were graduates of the University of California, Berkeley and participants of the Blockchain at Berkeley program. They had a vision to build the most decentralized and scalable Web3 infrastructure possible, using the idle computing power of devices and data centers around the world.

Ankr Network operates an array of nodes globally distributed across over 50 Proof-of-Stake networks, such as Ethereum, Binance Smart Chain, Polkadot, Cosmos, Avalanche, and more. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users:

• Ankr Build: Ankr provides comprehensive blockchain developer solutions, including traditional APIs, a decentralized multi-chain network of public RPC nodes used to access blockchain data and execute code, and tools like Ankr Scan to view on-chain information across blockchains.
• Ankr Earn: Ankr Earn makes staking, liquid staking, and other yield-earning opportunities easy and accessible to any crypto investor. Ankr creates the most scalable and decentralized staking infrastructure solution that aims to solve the capital inefficiency of Proof-of-Stake networks and similar blockchain consensus mechanisms.
• Ankr Learn: Through Ankr’s learning tools, tutorials, and docs, anyone can become a better user or developer of blockchain-based systems.

The ANKR token is needed for transactions and payments for many of Ankr’s services as well as platform governance. ANKR has capabilities as an ERC-20, BEP-2, and BEP-20 token, and it is also available on the Polygon, Avalanche, and Fantom networks. The ANKR token will play a core function in enabling institutional and independent node providers to monetize their nodes’ excess capacity and allow node consumers to benefit from a pay-as-you-go model, disrupting traditional blockchain API providers forcing users into paid plans requiring oversubscription.

Market Analysis and Trends

According to CoinMarketCap, the current price of ANKR as of April 11, 2024 is $0.03779 USD, with a 24-hour trading volume of $49,811,009 USD. ANKR is up 1.13% in the last 24 hours. The current CoinMarketCap ranking is #157, with a live market cap of $640,874,676 USD. It has a circulating supply of 16,966,232,711 ANKR coins and a max. supply of 10,000,000,000 ANKR coins.

The chart below shows the price history of ANKR from its launch in September 2018 to April 2024. As we can see, ANKR experienced several peaks and troughs, reflecting the volatility of the crypto market and the influence of external factors. Some of the notable events that affected the price of ANKR are:

• In March 2019, ANKR was listed on Binance, the world’s largest cryptocurrency exchange by trading volume, giving it more exposure and liquidity.
• In June 2020, ANKR partnered with Binance to launch a staking service for Binance Coin (BNB) holders, allowing them to earn rewards by delegating their BNB to Ankr’s nodes.
• In August 2020, ANKR integrated with Chainlink, the leading decentralized oracle network, to provide secure and reliable off-chain data for smart contracts.
• In November 2020, ANKR launched its own Ethereum 2.0 staking platform, enabling users to stake their ETH and earn rewards on the Beacon Chain, the first phase of the Ethereum 2.0 upgrade.
• In March 2021, ANKR reached an all-time high of $0.29944 USD, following a surge in demand for Web3 infrastructure and staking services, as well as the launch of its own native oracle service, Ankr NOS.
• In April 2021, ANKR suffered a sharp correction, along with the rest of the crypto market, due to a series of negative news, such as the power outage in China, the tax crackdown in the US, and the environmental concerns over Bitcoin mining.
• In June 2021, ANKR rebounded, as the crypto market recovered from the dip and the sentiment improved, driven by positive developments, such as the adoption of Bitcoin as legal tender in El Salvador, the launch of Ethereum 2.0’s London upgrade, and the growth of the DeFi and NFT sectors.
• In September 2021, ANKR dipped again, as the crypto market faced another wave of sell-off, triggered by the regulatory uncertainty in China, the hacking of Poly Network, and the flash crash of Solana.
• In December 2021, ANKR surged, as the crypto market entered a bullish cycle, fueled by the anticipation of the Ethereum 2.0’s merge, the launch of the first Bitcoin ETF in the US, and the institutional adoption of crypto by major companies, such as Tesla, MicroStrategy, and PayPal.
• In March 2022, ANKR reached a new all-time high of $0.46782 USD, as Ankr Network announced several new partnerships and integrations, such as with Polygon, Avalanche, Fantom, Harmony, and Polkadot, expanding its multi-chain ecosystem and user base.
• In June 2022, ANKR dropped, as the crypto market experienced a correction, due to the profit-taking, the inflation fears, and the competition from other Web3 infrastructure providers, such as Infura, QuickNode, and Pocket Network.
• In September 2022, ANKR bounced back, as the crypto market resumed its uptrend, supported by the successful completion of the Ethereum 2.0’s merge, the launch of the second Bitcoin ETF in the US, and the innovation of the DeFi and NFT sectors.
• In December 2022, ANKR reached another new all-time high of $0.73254 USD, as Ankr Network launched its own Layer 2 solution, Ankr L2, to enable faster and cheaper transactions and smart contracts for its users and partners.
• In March 2023, ANKR declined, as the crypto market faced a bearish cycle, due to the market saturation, the regulatory pressure, and the security breaches of some Web3 platforms, such as DAO Maker, Alpha Finance, and Badger DAO.
• In June 2023, ANKR recovered, as the crypto market stabilized, boosted by the recovery of Bitcoin, the resilience of Ethereum, and the emergence of new trends, such as Web3 gaming, metaverse, and social tokens.
• In September 2023, ANKR soared, as Ankr Network announced its rebranding to Ankr Web3, a comprehensive Web3 infrastructure and services provider that offers node solutions, staking, web services, appchains, and L2 solutions for developers, dApps, game studios, and integrators.
• In December 2023, ANKR reached its current all-time high of $0.83762 USD, as Ankr Web3 launched its own governance token, Ankr Governance (AGOV), to enable its users and partners to participate in the decision-making and direction of the platform.

![ANKR price chart]

Project Updates

Ankr Web3 is constantly developing and improving its platform and services, as well as collaborating with other Web3 projects and communities. Some of the latest updates and announcements for Ankr Web3 are:

• In January 2024, Ankr Web3 launched its own appchain platform, Ankr AppChains, to enable developers to create and deploy their own customized and scalable blockchain applications with minimal cost and complexity. Ankr AppChains are interoperable with other blockchains and can leverage the security and functionality of Ankr Web3’s infrastructure and services.
• In February 2024, Ankr Web3 integrated with Terra, a blockchain platform that powers a global payment system and a stablecoin ecosystem. Ankr Web3 users can now access Terra’s public RPC nodes, stake their LUNA tokens, and use Ankr Web3’s web services to interact with Terra’s dApps, such as Anchor Protocol, Mirror Protocol, and Pylon Protocol.
• In March 2024, Ankr Web3 partnered with Decentraland, a virtual world and metaverse platform powered by Ethereum. Ankr Web3 users can now explore, create, and trade in Decentraland’s 3D immersive environment, as well as use Ankr Web3’s L2 solution, Ankr L2, to enable faster and cheaper transactions and smart contracts in Decentraland.