Ontology Weekly Report (October 1–10, 2022)


Li Jun, Founder of Ontology, was selected as one of the “Top Genre Peoples on Crypto’s Research” by A Fan Of CoinMarketCap, a well-known blockchain consulting platform.  

Latest Developments

Development Progress

  • We are 100% done with the Rollup VM design. The White Paper will be published soon.
  • We are 99% done with the Rollup RISCV EVM actuator.
  • We are 88% done with the Rollup L1<->L2 cross-layer communication.
  • We are 90% done with the Rollup L1<->L2 Token Bridge.
  • We are 99% done with the L1 data synchronization server.
  • We are 95% done with the L2 Rollup Node.
  •   We are 66% done with the L2 blockchain browser.        

Product Development

  • ONTO App v4.3.8 brought support for Gnosis and Fantom chain, added prevention of screenshots of the mnemonic phrase, and added an alert message for mnemonic phrase backup.
  • ONTO hosted a big giveaway with Metarace, and an AMA with Gnosis. Follow the @ONTO Wallet Official Announcement in Telegram for more details! 

On-Chain Activity  

  • 157 total dApps on MainNet as of October 10th, 2022.
  • 7,178,244 total dApp-related transactions on MainNet, an increase of 14,958 from last week.
  • 17,997,425 total transactions on MainNet, an increase of 44,292 from last week.  

Community Growth

  • We held our weekly Community Call, focusing on “breaking down the social wall”. How to prove your identity and past behavior in different ecosystems without providing private data? Compared with Web2, Web3’s decentralized identity and reputation system breaks the “social wall” for us based on privacy protection.
  • We held our Telegram weekly Community Discussion led by Ontology Loyal Members. There were lively discussions on the upcoming “Ontology Monthly Quiz”. Community members can win ONG rewards by completing tasks through TaskOn and participating in the Monthly Quiz activity.
  • As always, we’re active on Twitter and Telegram, where you can keep up with our latest developments and community updates.  

Global News

  • Li Jun, Founder of Ontology, was interviewed by Crowdfund Insider, a well-known blockchain media outlet, sharing his views on “How ONTO Wallet acts as gateway to Web3”, “ONT ID solution” and “OWN infrastructure”.
  • Ontology was selected as one of the “TOP 10 Most Used Chains on Poly Network” by Poly Network, and was also included in the “TOP 10 Most Used Chains in ONTO” list of ONTO in September.
  • Erick Pinos, Americas Ecosystem Lead of Ontology, was invited to participate in the Wing x X2Y2 x Ontology joint AMA and shared his views on “How to Get Profits from the NFT Market”.
  • Ontology hosted an AMA with Guarda Wallet, inviting David Block, the community manager of Guarda Wallet, to answer questions for community members, and shared ONT rewards.  

Ontology in the MediaCrowdfund Insider -Li Jun: Founder of Ontology Explains How ONTO Wallet Acts As Gateway to Web3  

“There have been a number of significant milestones since our MainNet launch four years ago that have been essential to driving our growth and development over the course of the last few years. The launch of Wing Finance, ONTO Wallet, and ONT ID, which we have continued to put significant time and effort into over the last few months, all serve to drive users to our platform.

Some other more recent developments relate more to the ONTO App, whereby users can now use Ontology Bridge directly in ONTO to convert digital assets between Ontology and Ontology EVM, facilitating an overall enhanced user experience, which, in turn, is crucial in enabling growth and adoption.”