Ontology Weekly Report (April 30th — May 6th, 2024)

Welcome to another edition of our Ontology Weekly Report. This week has been filled with exciting developments, continued progress on our technical fronts, and dynamic community engagement. Here’s the rundown of our activities and updates:

🎉 Highlights

Lovely Wallet Giveaway: Don’t miss out on our ongoing giveaway with Lovely Wallet! Great prizes are still up for grabs.

Latest Developments

• Web3 Wonderings Success: Last week’s Web3 Wonderings session was a major hit! Thank you to everyone who joined and contributed to the engaging discussion.

• Ontology on Guarda Wallet: We are thrilled by the continued support of Guarda Wallet, making it easier for users to manage their assets.

• Blockchain Reporter Feature: Our initiative for the 10M DID fund has been featured by Blockchain Reporter, spotlighting our efforts to enhance digital identity solutions.

Development Progress

• Ontology EVM Trace Trading Function: Now at 87%, we continue to make substantial progress in enhancing our trading capabilities within the EVM framework.
• ONT to ONTD Conversion Contract: Development has advanced to 52%, streamlining the conversion process for our users.
• ONT Leverage Staking Design: We’ve made further progress, now at 37%, developing innovative staking mechanisms to benefit our community.

Product Development

• AMA with Kita Foundation: Be sure to tune into our upcoming AMA session with the Kita Foundation, where we’ll dive into future collaborations and developments.

On-Chain Activity

• Steady dApp Count: Our network consistently supports 177 dApps on MainNet, reflecting a stable and robust ecosystem.
• Transaction Activity: This week, we observed an increase of 1,100 dApp-related transactions and a significant uptick of 15,430 in total MainNet transactions, indicating active and growing network utilization.

Community Growth

• Engaging Community Discussions: Our platforms on Twitter and Telegram are continuously abuzz with discussions on the latest developments and community interactions. Your insights and participation are what make our community thrive.
• Telegram Discussion on Privacy: Led by Ontology Loyal Members, this week’s focus was on “Empowering Privacy with Anonymous Credentials,” exploring advanced solutions for enhancing user privacy.