Ankr Network is an Ethereum-based protocol created to make participation in the DeFi economy simpler and to support broader adoption. Launched in 2017, it functions as decentralized Web3 infrastructure where developers can build and deploy their applications, and it also supports cross-chain staking. The platform can be used to develop solutions across multiple areas, such as gaming, DeFi, NFT, and social platforms.

The project aims to build infrastructure that helps create decentralized initiatives without relying on a central authority or outside intermediaries. It also seeks to cultivate a setting in which users retain control over their own data.

ANKR serves as the network’s native cryptocurrency and is issued as both an ERC20 and BEP20 token standard. ANKR has a total supply of 10,000,000,000 and is used as a utility and governance token within the ecosystem.

What are Ankr Network’s key features and how does it work?

Ankr Network is supported by a global collection of nodes. Together, these nodes process transactions in a secure and decentralized way. One standout aspect is its multi-chain support, enabling users to stake across multiple networks using Ankr. 

Staking is also a core part of Ankr’s design. Because the platform is compatible with multiple chains, users can stake tokens supported by different networks from a single place, making it easier to handle and organize staking options. Ankr also uses a system intended to maximize potential returns through “liquid staking tokens”. With this approach, users receive tokens that represent their staked assets. These tokens can then be used in DeFi, for trading, or for other earning methods such as yield farming and liquidity mining.

What is noteworthy about Ankr Network?

Ankr Network offers a toolkit created for game developers and studios to encourage Web3 adoption. The Ankr Gaming Unity SDK provides services intended to help developers deliver improved gaming experiences. This includes NFT monetization approaches, resources for creating games on iOS and Android, and tools that help add blockchain compatibility to existing titles. 

What can ANKR be used for?

The ANKR token powers the Ankr Network. It is used by general users of Ankr, as well as providers and stakers. To access the network’s products and services, general users must hold ANKR. This covers using and paying transaction fees for applications built on the network, staking, and participating by voting on governance proposals.

Where can you buy ANKR?

ANKR can be traded on the CEXs and DEXs listed here. The most widely used venues with the greatest liquidity are Binance, CoinBase Pro, MEXC Global, AscendEX, and KuCoin. ANKR’s price will change depending on the exchange selected and broader market conditions. For current and historical information on ANKR market prices, please consult the price charts on this page.