What is Ankr (ANKR)?

Deep Dive

1. Purpose & Core Infrastructure

Ankr's primary mission is to simplify Web3 development and participation by removing technical barriers. It operates a globally distributed network of nodes across more than 75 blockchains (CoinMarketCap).

This infrastructure powers two key services. First, its Web3 API/RPC platform allows developers to connect their applications to blockchain data without having to run and maintain their own nodes. Second, its node-hosting service lets users deploy validator or full nodes on chains like Ethereum, Polygon, and Polkadot with just a few clicks, handling the complex backend operations.

2. Staking Services & ANKR Token

Beyond infrastructure, Ankr provides liquid staking solutions. For example, users can stake Ethereum and receive ankrETH, a liquid staking token that can be used in other DeFi protocols while earning rewards. This service lowers the entry requirement, allowing staking with as little as 0.5 ETH instead of the standard 32 ETH (Kraken).

The native ANKR token is integral to the ecosystem. It is used to pay for premium platform services, participate in governance votes, and stake to earn rewards. Its total supply is capped at 10 billion tokens.

Conclusion

Fundamentally, Ankr is the behind-the-scenes engine that keeps the decentralized web running, providing the critical connectivity and staking infrastructure that developers and users rely on. As Web3 expands, how will Ankr's role evolve to support emerging sectors like AI and enterprise blockchain solutions?