Ontology Weekly Report (July 11 — July 17, 2023)

Highlights

This week provided a great staking opportunity for ONT holders, with Ontology nodes offering up to 30%+ APY in ONG!

Latest Developments

Development Progress

● We are 97% done with the EVM bloom bit index optimization.

● We are 60% done with the testing of ONT liquid staking.

● We are 35% done with the development of frontend of ONT liquid staking.

Product Development

● ONTO published the monthly report for June, with new chains integrated, a partnership with SpaceID, optimized UI, and exciting events.

● ONTO has integrated Chiliz Chain and supports the self-custody of CHZ and Chiliz Chain Fan Tokens.

● ONTO V4.5.3 is LIVE now, with integration of Core MainNet and optimized mode settings for Core, Clover, and AptosNetwork

On-Chain Activity

● 164 total dApps on MainNet as of July 17th, 2023.

● 7,666,424 total dApp-related transactions on MainNet, an increase of 1,947 from last week.

● 18,910,940 total transactions on MainNet, an increase of 20,320 from last week.

Community Growth

● We held our Weekly Community Call Series. We talked about “DOXXED in the age of Crypto Intelligence”.

● We held our Telegram weekly Community Discussion led by Ontology Loyal Members, discussing:“What Is Bitcoin ETF?”. Participants got the chance to win Loyal Member NFTs.

● As always, we’re active on Twitter and Telegram, where you can keep up with our latest developments and community updates.

Global News

●  Ontology’s episodes are live on Spotify, with the latest discussions and insights.

●  iME is taking a significant step towards mass adoption by supporting Ontology tokens.

●  In this week’s OWN101 series, we explore ‘Token Swap’ — The process of exchanging one type of token for another, often facilitated by decentralized exchanges or swap protocols.