Build any Web3 project with leading performance
About the Project
The first version of Ankr Network was launched with a centralized approach to address the critical need for node infrastructure within the Web3 community. This centralized foundation allowed Ankr Network to rapidly expand, scaling its solutions and developing a comprehensive suite of features that quickly became invaluable to developers and projects. Ankr Network's ability to handle over 7.2 billion RPC calls daily through globally geo-distributed endpoints with efficient load balancing showcases its robustness. While many of these endpoints are operated by Ankr itself, a significant portion is managed by independent node providers, contributing to the network's decentralized nature.
Ankr Network Version 2 represents the evolution into a decentralized infrastructure marketplace. It offers free, public RPC endpoints alongside new Premium and Enterprise plans equipped with advanced developer tools. This decentralized network of nodes enables developers to pay-as-they-go for access to on-chain data, with independent node providers earning ANKR tokens for serving blockchain requests. Additionally, stakers can contribute ANKR tokens to full nodes, securing the network and sharing in the rewards. The platform's public RPCs provide access to multiple blockchain networks without requiring user information or login credentials, reinforcing Ankr Network's commitment to accessibility and decentralization.
Use Case
Ankr Network provides a decentralized network of nodes designed for Web3 developers, offering flexible and cost-efficient connections to blockchains. As the fastest-growing decentralized infrastructure provider, Ankr Network relies on a globally distributed network of independent node providers to ensure resiliency, uptime, and speed. This decentralized approach eliminates centralized vulnerabilities, providing a robust and reliable infrastructure for blockchain applications. The network's intelligent load-balancing and presence in every corner of the globe make it resistant to geographic restrictions and centralized outages, ensuring continuous operation and optimal performance.
Users can optimize their staking rewards on Ankr Network through features like Liquid Staking. This feature offers instant liquidity for staked assets in the form of Liquid Staking tokens, which represent the value of the staked assets but are portable and accessible. These tokens can be utilized in various ways, such as providing liquidity on Decentralized Exchanges (DEXs), receiving additional tokens from DEXs, and earning more yield. Furthermore, Ankr Network is governed by a Decentralized Autonomous Organization (DAO), with ANKR token holders participating in governance by staking their tokens into the Ankr coverage staking contracts. This governance structure ensures protocol security and incentivizes a security-first approach, empowering community members to have a direct impact on the project's future.
Tokenomics
The ANKR token plays a pivotal role in the Ankr Network ecosystem, driving its decentralized marketplace for Web3 infrastructure. Under the network's new pay-as-you-go model, users with Premium Plans can pay for every request made to blockchains using ANKR tokens, which not only helps to keep costs low but also provides users with discounted rates. This pricing strategy ensures that developers do not overpay for annual subscriptions and can optimize their expenditures based on actual usage. The cost of individual requests averages around $0.00004 USD, with the actual price varying depending on the resource requirements of the request. These fees are redistributed among independent node operators and stakers, incentivizing network participation and enhancing decentralization.
ANKR tokens also serve as collateral deposits required for becoming a node provider on the Ankr Network. Independent node providers earn ANKR rewards for handling network traffic, while individual token holders can stake ANKR with node providers to help secure the protocol and share in the rewards. Additionally, ANKR tokens are used to compensate independent node auditors and to participate in governance through the Ankr DAO, where token holders can vote on proposals that shape the future of the network. This multifaceted utility of the ANKR token fosters a robust and self-sustaining ecosystem, ensuring the continuous growth and decentralization of the Ankr Network.