Ankr Network (ANKR)
Web3 infrastructure provider offering RPC nodes and liquid staking, but ANKR token has weak value capture vs the business revenues it supports
Ranked 161st of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
ANKR scores 96 of 250 across the 25-variable framework, which places it 161st of 251 rated tokens and inside the lower half of the set. The framework verdict is PASS.
The score rests on Circulating / FDV Ratio 8/10, 27th of 251, Vesting Schedule 7/10, 35th of 251, P/S Multiple 5/10, 38th of 251 and Supply Inflation 6/10, 43rd of 251.
Against the same universe, ANKR sits in the bottom third on Social Mindshare 2/10, 230th of 251, Team Execution 3/10, 208th of 251, BTC Alpha Potential 2/10, 200th of 251 and Treasury Runway 4/10, 181st of 251. These are the variables that would have to move for the verdict to change.
100% of eventual supply is already circulating, so vesting is not a live risk for ANKR. Price has to be justified by demand rather than absorbed against a cliff.
ANKR trades 98.4% below its all-time high of $0.2135. Recovering that level is a 62.5x move, not a 98.4% one, which is the arithmetic most drawdown charts hide.
The framework score gained 17 points against the previous pass (79 to 96). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 5 | 38th of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 6 | 43rd of 251 | |
| Vesting Schedule | 7 | 35th of 251 | |
| Circulating / FDV Ratio | 8 | 27th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 3 | 175th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 2 | 230th of 251 |
Risk
| Regulatory Safety | 6 | 52nd of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 2 | 200th of 251 | |
| Team Execution | 3 | 208th of 251 | |
| Treasury Runway | 4 | 181st of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Ankr AppChains gaining enterprise traction on BNB Chain network
Principal risk
ANKR token fails to capture meaningful value from RPC business; Alchemy and Infura dominate enterprise market
Market and supply
| Price | $0.003496 |
| Market cap | $35.0Mrank 568 |
| All-time high | $0.213516 Apr 2021 |
| Circulating supply | 10,000,000,000 |
| Eventual supply (max supply) | 10,000,000,000 |
| Dilution to full supply | 1x |
| Listed on | Binance, Coinbase, KuCoin |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to ANKR measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [Ankr Docs] Ankr operates a multi-chain RPC infrastructure serving millions of requests but token utility is largely staking/payments
- [CoinGecko] ANKR down 97.8% from ATH with market cap of ~$47M reflecting minimal institutional demand
- [DeFiLlama] Ankr liquid staking (ankrETH, ankrBNB) competes in a crowded field against Lido and Rocket Pool
Common questions
- What is the Early Thunder score for Ankr Network (ANKR)?
- ANKR scores 96 out of 250 on the 25-variable framework, ranking 161st of 251 rated tokens (lower half). The framework verdict is PASS.
- What are ANKR's strongest fundamentals?
- ANKR ranks highest on Circulating / FDV Ratio 8/10, 27th of 251, Vesting Schedule 7/10, 35th of 251, P/S Multiple 5/10, 38th of 251 and Supply Inflation 6/10, 43rd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the ANKR thesis?
- ANKR scores in the bottom third of the universe on Social Mindshare 2/10, 230th of 251, Team Execution 3/10, 208th of 251, BTC Alpha Potential 2/10, 200th of 251 and Treasury Runway 4/10, 181st of 251. The single risk carried on the scorecard is: ANKR token fails to capture meaningful value from RPC business; Alchemy and Infura dominate enterprise market
- How much ANKR supply is still to enter circulation?
- 100% of eventual ANKR supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
- How far is ANKR from its all-time high?
- ANKR trades 98.4% below its all-time high of $0.2135. Returning to that high requires a 62.5x move from the level used in this scoring pass.
- Which tokens have a similar profile to ANKR?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to ANKR are SUSHI (74), BAND (73), CVX (103) and IOTA (78). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for ANKR?
- Ankr AppChains gaining enterprise traction on BNB Chain network
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.