Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Platforms Ankr
Ankr reviews
Review Score
46%
8 Reviews
Platform Age
9 Years
Decentralised

Average rating of 46% based on 8 reviews.

Founded 9 years ago in 2014.

Decentralised exchange.

Go to Ankr earnings calculator

Average rating of 46% based on 8 reviews.

Founded 9 years ago in 2014.

Decentralised exchange.

Go to Ankr earnings calculator

Reviewed by Yunis
18 October 2022 (Updated 25 March 2023)

Ankr Crypto Platform

Pros

tick $184,671,495 USD currently invested (TVL)
tick Investments in 3 coin pairs available
tick Supports protocols including Polygon, Avalanche C-Chain and Fantom Opera

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Ankr Reviews

 

Ankr protocol was created in 2017 in partnership with Chandler Song, an engineer from Amazon web services, and Ryan Fang, an investment banker from Morgan Stanley. Ankr decentralized protocol was found with the purpose of increasing the efficiency in the DApps and blockchain infrastructures. It makes the claim come true by providing a base (infrastructure) that operates globally distributed nodes in more than 50 Proof-of-Stake networks. Furthermore, compared to the other cloud providers, Ankr provides the nodes at a low cost.
 
Ankr works on the Ethereum network. Ankr is the governance token in ERC20 standards in the Ankr platform. Ankr tokens can be used in payment and access, staking, and voting for the system.
 
Another goal of the Ankr platform is to support Web3 infrastructure. Web3 is a decentralized World Wide Web concept which is controlled by small computer groups in blockchains instead of big private companies. Web3 seems to be the inevitable future of the internet. For this reason, Ankr is taking an important step by providing faster and more reliable Web3 infrastructure.
 
There are a great number of utilities and products in the Ankr ecosystem. These are RPC service, advanced APIs/SDKs, gaming SDKs, AppChains, liquid staking, Ankr Scan, and Enterprise solutions.
 
ANKR connects the multi-chains and provides users connections to blockchain technology and DeFi applications. The ANKR team states that as the DeFi, the metaverse, decentralized gaming and the other Web3 projects keep progressing, The ANKR keeps playing a key role by providing crucial infrastructure for that progress.
On July 1, 2022, one hack problem was reported about the ANKR system. 
 
Two Ankr RPC gateways for accessing Polygon and Fantom have been compromised. As soon as the hack situation was reported to ANKR, the team directed Polygon and Fantom users to two alternative RPC endpoints. After a while, Ankr confirmed that the affected RPC gateways have been fully restored.

 

Ankr Supported Currencies

Ankr supports over 4 currencies including Polygon, Fitmin Finance and Binance-Peg Avalanche.

ALooking at reviews from across the web, Ankr has an average review score of 46% based on 8 reviews.

Ankr Key Data

Company
Year founded 2,014
Decentralised tick Yes
Key People
Chandler Song
Co-Founder and CEO
Ryan Fang
Co-Founder
Stanley Wu
Co-Founder & CTO

Useful Links

Ankr Contact Details

https://www.ankr.com/

Platform Comparisons

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2023