Ontology Weekly Report (May 1–8, 2023)

Highlights

Latest Developments

Development Progress

• We are 75% done with the high ledger memory usage optimization.
• We are 75% done with the EVM bloom bit index optimization.
• We are 60% done with the optimization of ONT liquid staking.

Product Development

• ONTO has announced the partnership and integration with SWFT.

• ONTO has made a Telegram Quiz event together with Hamster.

• ONTO has started the 1st part of May Series events on Zealy.

• ONTO has partnered with Umi’s Friends.

• ONTO has launched a technical article about Crypto Wallets.

On-Chain Activity

• 162 total dApps on MainNet as of May 8th, 2023.
• 7,521,447 total dApp-related transactions on MainNet, an increase of 21,716 from last week.
• 18,661,611 total transactions on MainNet, an increase of 35,759 from last week.

Community Growth

• We started our Weekly Community Call Series. We talked about the purpose of various layers of protocols. Users expressed their insights around this and actively engaged.
• We held our Telegram weekly Community Discussion led by Ontology Loyal Members, discussing BRC20 and Meme coins. Participants got the chance to win Loyal Member NFTs.
• As always, we’re active on Twitter and Telegram, where you can keep up with our latest developments and community updates.

Global News

• US government prioritizing efforts in “#Digital #Identity Infrastructure & Distributed Ledger Technologies” in one of the 8 standards development for Critical & Emerging Tech.

• Humpty Calderon joined discussion on Oracles and Self-Sovereign Identity hosted by UMA Protocol.

• Geoff attended a TwitterSpace AMA sharing valuable information about Ontology and its potential use cases.

• Continuing our ‘Meet the Team’ series, we’re very pleased to ask Ontology HR Manager, Eden Yang a few questions.

Contact us

• Ontology official website: https://ont.io/
• Email contact: contact@ont.io
• GitHub: https://github.com/ontio/
• Telegram group: https://t.me/OntologyNetwork