Ontology Weekly Report (July 9th — July 15th, 2024)

Welcome to another edition of the Ontology Weekly Report. This week, we’re excited to share updates on our development milestones, new product features, and active community engagements. Here’s a detailed look at our activities this week:

Latest Developments

• Decentralized Identity Discussion at MPost’s Hack Seasons: Geoff and Humpty delivered an insightful talk on decentralized identity during MPost’s Hack Seasons, discussing the impact and future of DID in the blockchain space.

• DXSALE Giveaway: We partnered with DXSALE for an exciting giveaway, providing our community members with more opportunities to engage and win rewards.

Development Progress

• Ontology EVM Trace Trading Function Completion: We’re thrilled to announce that the Ontology EVM Trace Trading Function is now fully operational at 100%, enhancing our trading capabilities within the EVM significantly.
• Added API for ONT RPC Trading: A new API for ONT RPC trading has been added, improving functionality and accessibility for developers and users.
• ONT Leverage Staking Design: Development progress has reached 60%, moving us closer to providing innovative and flexible staking options for our community.

Product Development

• New Feature in ONTO: A new feature has been launched in the ONTO app, allowing users to manage their nodes directly within the app, streamlining node operations and user interactions.

• Ongoing ONTO Giveaways: The giveaway with Fiat24 continues. Don’t miss out on the chance to participate and win exciting prizes.

On-Chain Activity

• Stable dApp Ecosystem: The number of dApps on our MainNet remains robust at 177.
• Transaction Growth: This week, there was an increase of 1,828 dApp-related transactions, totaling 7,775,343, and an overall increase of 8,277 transactions on MainNet, reaching 19,498,560.

Community Growth

• Engaging Community Discussions: Our community platforms, including Twitter and Telegram, have been buzzing with lively discussions and updates. This week’s Telegram discussion led by Ontology Loyal Members focused on “Exploring Interoperable DID Solutions: Web2, Web3, and Beyond,” covering topics like KYC, login systems, and peer-to-peer interactions.