Ankr Network | Hata Explore

What is Ankr Network (ANKR)?

Ankr Network (ANKR) is a decentralized Web3 infrastructure protocol founded in 2017 by Chandler Song, Ryan Fang, and Stanley Wu, providing distributed blockchain node infrastructure, RPC services, developer APIs, and staking solutions. The protocol addresses the cost and operational complexity of running blockchain infrastructure by providing developers and applications with access to distributed RPC nodes and multi-chain blockchain data without requiring them to independently maintain full node infrastructure. (Source: Ankr API Documentation) Ankr's current infrastructure supports 80+ blockchain networks, including Ethereum, Solana, BNB Smart Chain, Arbitrum, Base, Bitcoin, TRON, TON, and Sui, alongside advanced multi-chain data APIs and liquid-staking services. Within this ecosystem, the ANKR token is used for network participation and staking-related functions, including backing independent node providers and enabling token holders to participate in governance, while ANKR also serves as a utility asset within Ankr's broader infrastructure ecosystem. (Source: Ankr Documentation)

Risk Associated to the Digital Asset

Ankr Network (ANKR) presents a distinct risk profile that market participants must carefully evaluate before engagement:

Market Volatility Risk: As an infrastructure-focused utility token, ANKR's market value is highly sensitive to broader crypto asset market cycles, experiencing severe downside during prolonged bear markets, as evidenced by significant price declines from historical peaks. (Source: TokenInsight)
Regulatory & Adoption Risk: The operational viability of the protocol relies on global developer demand for Web3 architecture. Shifts in international regulatory frameworks concerning decentralized technologies or a slowdown in multi-chain enterprise adoption could directly depress network activity and token utility. (Source: Token Terminal)
Third-Party Custody & Cybersecurity Risk: Since ANKR tokens operate primarily across external smart-contract-enabled Layer-1 and Layer-2 blockchains, the asset is continually exposed to underlying network vulnerabilities, bridging protocol exploits, and security anomalies outside Ankr’s direct architecture. (Source: Sherlock Security)
Smart Contract & Operational Supply Chain Risk: Ankr’s complex suite of liquid staking and node management services relies extensively on smart contract deployments. A vulnerability in these architectures, or a malicious internal compromise of operational keys, poses a severe material threat to the token's economic stability.
Concentration & Liquidity Risk: Despite its cross-chain presence, a substantial portion of the circulating supply remains concentrated within centralized digital exchange omnibus wallets and institutional liquidity pools. Sudden capital outflows or thin secondary market books can amplify price slippage and disconnect trading activity from fundamental infrastructure usage. (Source: CoinMarketCap)

Trading History of Digital Asset

Market Capitalization & Liquidity: ANKR has remained a relatively small-cap digital asset, with its market capitalization fluctuating alongside broader crypto-market conditions. Recent historical data from CoinGecko shows ANKR's market capitalization at approximately $33–39 million during July 2026, while daily trading volume generally ranged from approximately $4 million to $16 million, with occasional higher-volume periods. These figures indicate that ANKR maintains active secondary-market trading, although its liquidity and market capitalization can vary materially over time. (Source: CoinGecko | CoinMarketCap)
Exchange Accessibility & Institutional Integration: ANKR is traded across major digital-asset exchanges, including Binance, BitDelta and Lbank, providing access to centralized spot markets in multiple jurisdictions. Separately, Ankr has established infrastructure partnerships with Microsoft Azure and Tencent Cloud, through which Ankr's blockchain RPC and node-hosting services have been made available to enterprise users. These partnerships demonstrate institutional infrastructure integration, but should not be interpreted as evidence of institutional investment demand for ANKR itself. (Source: CoinMarketCap | Ankr – Microsoft Azure Partnership | Ankr – Tencent Cloud Partnership)

Incidents of Manipulation or Security Failures

Ankr is a decentralized Web3 infrastructure provider rather than a standalone Layer-1 blockchain with its own native consensus mechanism. Its infrastructure provides services including RPC access, blockchain APIs, node infrastructure, and liquid staking products across multiple underlying networks. The security of transactions involving ANKR therefore depends primarily on the respective underlying blockchain networks and the smart-contract architecture of Ankr's individual products. (Source: Ankr Documentation – Ankr Docs | CoinGecko)

Ankr experienced a major security incident on December 1, 2022, involving its BNB liquid-staking product, aBNBc. According to Ankr's investigation, an attacker gained access to a compromised private key associated with the deployment process and subsequently modified the aBNBc smart contract to enable unauthorized token minting. The attacker minted approximately 60 trillion aBNBc tokens, which were subsequently sold through decentralized exchanges and resulted in approximately $5 million in extracted value from affected liquidity pools. (Source: Ankr – aBNBc Token Exploit Finding)

The incident primarily affected aBNBc and related liquid-staking infrastructure rather than the ANKR token itself or Ankr's general RPC infrastructure. Following the exploit, Ankr replaced the affected contracts, introduced recovery measures, and implemented compensation arrangements for affected users and liquidity providers. The incident also resulted in strengthened controls around private-key management, deployment procedures, administrative access, and monitoring. (Source: Ankr – aBNBc Token Exploit Finding)

Token Ownership Concentration

The tokenomics of Ankr operate under a strict, non-inflationary fixed-supply model. The maximum supply, total supply, and current circulating supply are capped flatly at 10,000,000,000 ANKR tokens. (Source: Ankr Docs) There are no ongoing programmatic block emissions or mining mechanics that expand the asset's total supply. (Source: TokenInsight)

The initial token allocation structure was designated as follows: 40% for community distribution and miner rewards, 30% for private presale participants across all tiers, 20% for the core team and advisors, 5% for public token sales, and 5% for marketing campaigns. (Source: DropsTab) According to the protocol’s official issuance documentation, 100% of the token supply successfully concluded its multi-year vesting schedules and unlocked by August 2022. (Source: Ankr Docs)

Consequently, there are no active venture capital lock-ups, insider vesting schedules, or team restriction periods remaining.(Source: DropsTab) On-chain data indicates a high concentration of supply held within institutional trading infrastructure and market-maker smart contracts, with top individual addresses largely mapping to exchange-managed omnibus wallets. Verified breakdown details regarding distribution analytics and top-holder wallet concentrations can be accessed directly through the CoinMarketCap tokenomics and holders modules. (Source: CoinMarketCap)

Security Audit

Ankr operates as a decentralized Web3 infrastructure provider, offering Remote Procedure Call (RPC) node services, liquid staking solutions, and Web3 API gateways. Because ANKR is an application-layer utility token deployed across EVM chains (such as Ethereum and BNB Chain), its technical security relies on smart contract auditing, multi-sig key management, decentralized node provider incentives, and host-chain consensus.

Multi-Firm Smart Contract Audits: Ankr’s smart contract ecosystem—including liquid staking tokens (ankrETH, ankrBNB), Delegated ANKR Staking, and cross-chain bridge logic—undergoes routine security reviews. Independent auditing partners include Beosin, PeckShield, Veridise, Salus, Halborn, and Decurity. Audits specifically evaluate access control logic, reentrancy guards, proxy upgradability boundaries, and reward calculation mechanisms.
Delegated ANKR Staking & RPC Security: In the Ankr Network, node providers contribute self-staked ANKR deposits to serve RPC requests for external blockchains. Token holders delegate $ANKR to back reputable providers, aligning financial incentives to prevent malicious RPC response manipulation or downtime. The Delegated Staking smart contracts were formally verified by Veridise and Beosin.
Incident Response & Deployer Key Governance: Following a December 2022 liquid staking contract exploit caused by a compromised developer key, Ankr instituted strict operational security overhauls. Privileged admin functions are governed by multi-signature threshold schemes and timelocks, preventing single-key deployer override vectors and ensuring programmatic limits on token minting functions.
Off-Chain RPC Node Reliability: While on-chain contracts manage staking and reward distribution, the RPC node network operates off-chain across global data centers. High availability is enforced via geo-routing algorithms, DDoS mitigation controls, and continuous load balancing to ensure reliable dApp query resolution.

Hata Custody Controls

For client assets held on Hata, Hata maintains its standard institutional custody and compliance framework: SOC 2 Type II certified custody, multi-signature (Multi-Sig) withdrawal authorisation, segregation of client assets, audited operational governance, continuous blockchain-analytics monitoring, and FATF Travel Rule compliance aligned with major regimes (EU/MiCA, Singapore, Japan and the UAE). These controls govern how Hata safeguards SAFE held with the exchange and are independent of the asset's own protocol-level security.

Sources

Cryptocurrency