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Ontology Weekly Report (August 1 — August 7, 2023)


Let’s dive into the story of Ontology and associated eco-projects. We aim to build the Ontology infrastructure for a better cross-chain ecosystem.  

Latest DevelopmentsDevelopment Progress

● We are 100% done with the EVM bloom bit index optimization.

● We are 70% done with the testing of ONT liquid staking.

● We are 45% done with the development of frontend of ONT liquid staking.

Product Development  

  • ONTO has launched a partnerships with bloXroute Labs

 On-Chain Activity  

  • 164 total dApps on MainNet as of August 7th, 2023.
  • 7,674,897 total dApp-related transactions on MainNet, an increase of 8,473 from last week.
  • 18,937,642 total transactions on MainNet, an increase of 26,702 from last week.  

Community Growth

  • We held our Weekly Community Call Series. We talked about “Does Sybil resistance need our biometric data”.
  • We held our Telegram weekly Community Discussion led by Ontology Loyal Members, discussing: “What Is WorldCoin?”. 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

  • Binance Japan officially goes into operation with 34 tokens supported including $ONT  

  • In this week’s OWN101 series, we explore ‘Recovery Phrase’ — A recovery phrase is a set of words that acts as a backup key to access your cryptocurrency wallet. Safeguard it securely to regain access if your device is lost or damaged. Never share it online or with anyone!