Ontology Weekly Report (Feb 27th — Mar 4th, 2024)

This week at Ontology has been buzzing with activities and progress across various fronts. From our engagement at ETH Denver to the hunt for the best Web3 blog, let’s take a closer look at what’s been happening.🎉 

Highlights

The Hunt for the Best Web3 Blog: We’re on the lookout for insightful and innovative Web3 blogs. Share your insights with us!

Latest Developments

• DID Happy Hour in Denver: Our DID happy hour event in Denver has concluded. If you haven’t yet, check out the highlights and insights shared.

• New Blog on DID Use Cases: Dive into our latest thread exploring DID’s application in shopping, offering a glimpse into the future of digital identity and commerce.

• ETH Denver Engagement: Did you participate in our fun activity at ETH Denver by finding our logo, taking a picture with it, and tagging us?

• AMA with MRHB and LetsExchange: We hosted an informative AMA session, shedding light on the latest developments and answering community questions.

Development Progress

• Account Abstraction Research Completed: We’ve reached 100% progress, marking a significant milestone in enhancing user experience and security. 
• Ontology EVM Trace Trading Function: Continues to progress at 65%, as we aim to broaden our trading capabilities.
• ONT to ONTD Conversion Contract: Development is underway, currently at 20%.
• ONT Leverage Staking Design: This new initiative is at its early stage, with 10% progress.

Product Development

• ONTO Lists Blast: Expanding our ecosystem, ONTO has now listed Blast, offering our users more options.

• ONTO in UQUID’s AMA: Participating in UQUID’s AMA, ONTO shared valuable insights and updates with the community.

On-Chain Activity

• 177 total dApps on MainNet as of March 4th, 2024, maintaining a robust ecosystem.
• 7,740,667 total dApp-related transactions on MainNet, witnessing an increase of 6,931 from the previous week.
• 19,283,265 total transactions on MainNet, marking a significant increase of 22,454 from last week.

Community Growth

• Engagement and Discussions: Our Twitter and Telegram channels are alive with vibrant discussions and updates. Join the conversation and stay updated with the latest developments.
• Telegram Discussion on ONT and ONG: Led by Ontology Loyal Members, a comprehensive guide to understanding Ontology’s dual-token system was discussed, enriching the community’s knowledge.