ANKR as a multi-narrative play at a $550M FDV
Thread588 words
Bullish call$ANKR−92%since this piece, moved against the callHow it played out ↓Argues ANKR gives exposure to RaaS, DePIN, AI via Neura, BTC liquid staking, EigenLayer node infra and RPC at a $550M FDV. Compares with AltLayer ($5B), Render ($5B-$10B), ether.fi ($5B) and Lido (>$2B) to call it undervalued.
Key claims
ANKR FDV is $550M vs AltLayer at $5B
Render sits at $5B-$10B FDV
ether.fi is valued at $5B and Lido above $2B
Problem: Not enough capital to cover all key narratives
Solution: $ANKR
We're entering the super cycle.
This means that there is an absolute overload of opportunities out there and too many narratives to cover them all in your portfolio.
That's why narrative-agnostic or multi-narrative plays are huge. It allows you to allocate capital more efficiently, gaining exposure to different verticals, while also reducing dependency-risk on singular narratives.
However, finding a play like this (at a reasonable valuation) is hard. After looking into 100s of projects across all major verticals, I have finally found one that I'm betting big on though.
Meet ANKR, the one token that provides exposure to:
✦ Rollup-as-a-Service (RaaS)
✦ Decentralized Physical Infrastructure Network (DePIN)
✦ Artificial Intelligence (AI)
✦ BTCfi (liquid BTC staking)
✦ EigenLayer Season (AVS node infra provider)
✦ Data Access / RPC networks
Yes anon that's right. @ankr is:
🚀 A leading RaaS provider that supports all major rollup stacks and a broad spectrum of modular building blocks. It mainly distinguishes itself from the competition with battle-tested infrastructure that they can serve to teams building on the framework.
🖥 The first and largest DePIN of Web3 with a globally distributed network of bare metal servers across 30+ countries. This infrastructure can serve as a base layer to bootstrap nodes and networks on top of and provides enormous computational power that teams building on @ankr infra can leverage.
🤖 A leader in the game of blockchain-based AI/ML applications. With the launch of @Neura_io, ANKR is now the native token of a hyper-scalable, @Cosmos SDK based EVM chain that acts as a settlement layer for AI-specific ZK rollups built on top of it. Additionally, Neura acts as a marketplace/coordination layer for a decentralized GPU network on which AI models can be deployed/run. An innovative on-chain funding mechanism in the form of IMOs, will further increase the attractiveness of Neura for any AI/ML project out there.
💸 @ankr is working with @bablyon_chain to build a liquid staking product for BTC that is staked with Babylon. As a first mover, Ankr shapes up to become the @LidoFinance of BTC or maybe rather the @ether_fi of the @eigencloud of Bitcoin.
♾ @eigencloud season will be a huge catalyst for the original core business of @ankr as a leading node infra provider in the space. This will boost revenue and demand for ANKR (to pay for services).
🔌 In a modular world where building an (app-specific) execution becomes as easy as deploying a smart contract today, applications and users need a way to access data across these networks. Robust RPC infrastructure is key here and that is also part of @ankr's original business model. They are a leading RPC provider and the multi-chain future will continue to drive adoption, revenue and ANKR demand (to pay for subscriptions)
Let's put that into perspective:
✦ @alt_layer as one of the closest RaaS competitors is valued at $5B. ANKR sits at a $550M FDV.
✦ Peers and competitors in the DePIN game are all valued in the billions. ANKR sits at a fraction of that.
✦ AI/GPU network peers like @rendernetwork sit at FDVs of $5B-$10B, while upcoming projects raise at an FDV that is double the valuation ANKR sits at right now.
✦ Should we talk LST/LRT valuations? @Ether_fi is valued at $5B and @LidoFinance at >$2B.
The conclusion?
ANKR is not only the solution to get exposure to a number of key narratives at once, but also heavily under-valued.
NFA but DYOR anon. 👀
For reference 👀👇
x.com/Louround_/status/1776271995283329281
How the call played out · since 06 Apr 2024
Prices as of 23 Oct 2026This piece takes a view on $ANKR, so that move is read against the call.
ANKR covers RaaS, DePIN, AI, BTC liquid staking and RPC in one token at a fraction of single-narrative peers' valuations.
−92%
Moved against the call · over 2.5 years
- At publication
- $0.0552
- Now
- $0.00433
- vs BTC
- −93%
- After 1 month
- −10%
- After 3 months
- −55%
- After 1 year
- −70%
- High since
- +16% 08 Apr 2024
- Low since
- −94% 30 Jul 2026
Since then
Zero has written 4 more pieces on Ankr and $ANKR since this one.
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.