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Ontology Monthly Report - March 2024

March has been a month of substantial progress and community engagement for Ontology, marked by significant development milestones and exciting events. Here’s a look at what we’ve achieved together:

Community and Web3 Influence 🌐🤝

  • Decentralized Identity Insight: We published an enlightening article on the importance of decentralized identity, furthering our mission to educate and empower.

  • Ontology Odyssey on DID: Another compelling article was shared, delving deeper into DID and its potential to revolutionize digital interactions.

  • ETH Denver Recap: Don’t miss the highlights from our participation in ETH Denver, capturing our moments of innovation and collaboration.

Development/Corporate Updates 🔧

Development Milestones 🎯

  • Ontology EVM Trace Trading Function: Now at 80%, we’re closer to enhancing our trading capabilities within the EVM space.
  • ONT to ONTD Conversion Contract: Development has reached the halfway mark at 50%, streamlining the conversion process for users.
  • ONT Leverage Staking Design: Progressing at 35%, this feature aims to offer innovative staking options to the Ontology community.

Events and Partnerships 🤝

  • March Incentive Program: Our engaging incentive program on Galxe is nearing its conclusion, showcasing active community participation.

  • StackUp Part2 AMA: We hosted an informative AMA session with StackUp, discussing future collaborations and insights.

  • Gate.io’s AMA with Dan: Ontology’s harbinger Dan introduced Ontology and its vision during an AMA session on Gate.io.

  • AMA with LetsExchange and MRHB: Offering valuable exchanges and updates to our community through an AMA session.

ONTO Wallet Developments 🌐🛍️

  • Exclusive Access via ONTO: Wing Finance’s auction feature is now exclusively accessible through the ONTO wallet, offering unique opportunities to our users.

  • Top 10 Insights: We shared the top 10 most popular dApps and the most used chains, highlighting trends and preferences within our ecosystem.

  • User Tips: Published a useful tip on quickly swapping ONT to ONG, enhancing user experience.

  • New Listings: UniLend and Blast are now live on ONTO, expanding our offerings and integration with the DeFi ecosystem.

On-Chain Metrics 📊

  • dApp Growth: Our ecosystem remains robust with 177 total dApps on MainNet, indicating steady growth and developer engagement.
  • Transaction Increases: A notable increase in transactions was observed, with dApp-related transactions growing by 2,825 and MainNet transactions by 13,866, underscoring the vibrant activity within the Ontology network.

Community Engagement 💬

  • Vibrant Discussions: Our social platforms continue to buzz with discussions, driven by the passion and engagement of our loyal community members.
  • Recognition and NFTs: Active community members were celebrated with the issuance of NFTs, acknowledging their contributions and participation.