Ontology Monthly Report - July 2023

• We were thrilled to celebrate 5 years of Ontology MainNet! We reflected on our remarkable journey, significant milestones, and the exciting developments that have shaped the past year. Together, we are forging the future of Web3 and decentralized identity solutions.  

Development/Corporate Updates  

Development Progress  

• We are 98% done with the EVM bloom bit index optimization.
• We are 100% done with the high ledger memory usage optimization.
• We are 80% done with the optimization of ONT staking liquidity.
• We are 40% done with the development of frontend of ONT liquid staking.
• We are 65% done with the testing of ONT liquid staking.  

Out & About — Event Spotlight  

It was all hands on deck this month with a string of news reports and developments:

• Ontology provided a great staking opportunity for ONT holders, with Ontology nodes offering up to 30%+ APY in ONG!  
  
  
• NOWPayments integrated ONT for travel with enhanced security, global access, and super-speed transactions.  
  
  
• iME took a significant step towards mass adoption by supporting Ontology tokens.
  
  
• Ontology’s episodes are live on Spotify, with the latest discussions and insight
  
  
• We published a selection of #OWN101 features, as part of our #OWNInsights series. We brought you the definition of "Sharding", "Block Explorer" and "Token Swap".
   
  Product Development  
• ONTO V4.5.3 is now LIVE, with integration of Core mainnet and optimized mode settings for Core, Clover, and AptosNetwork
  
  
•   ONTO published the monthly report for June, with new chains integrated, partnership with SpaceID, optimized UI, and exciting events.
  
• ONTO and Umi’s Twitter Space attracted over 800 listeners.
  
• ONTO published product introduction threads.
    
• ONTO has integrated Chiliz Chain and supports the self-custody of $CHZ and Chiliz Chain Fan Tokens.  
  
• ONTO and Chiliz Twitter Space reached over 500+ listeners. 
  
• ONTO has launched partnerships with blockin.ai, CoreDAO, InnoTech Labs and Chiliz.

On-Chain Activity  

• 164 total dApps on MainNet as of July 30th, 2023.
• 7,669,240 total dApp-related transactions on MainNet, an increase of 38,199 from last month.
• 18,920,820 total transactions on MainNet, an increase of 85,862 from last month.    

• This month, several Ontology Community Calls and discussions were held on Discord, Telegram and Twitter, focusing on topics such as “Government as DAOs”, “What is liquidity” and “The future of DIDs with Ontology”. Community members actively shared their views, and participants also got the chance to win Loyal Member NFTs.
• We held our Monthly Quiz led by Ontology Harbingers. Community members actively raised questions and shared 100 ONG rewards.
• As always, we’re active on Twitter and Telegram where you can keep up with our latest developments and community updates. To join Ontology’s Telegram group and keep up to date, click here.

Recruitment

At Ontology, we are always looking to expand our team. We currently have a list of open roles and are looking to hire ambitious and hardworking individuals (see below). Check out our website for full details.  

Recently, we hired:

• Operations Associate
• Content Associate

Now, we are still looking for:

• Software Developer, Java
• Software Developer, GO
• Front-end Engineer
• Blockchain Test Development Engineer
• Quality Assurance Engineer
• Community Operations Associate
• Wallet Product Manager
• Marketing Manager
• UI Designer
• Accountant