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Ontology Weekly Report (April 2nd — Apr 8th, 2024)

This week at Ontology has been full of exciting developments, continued progress in our technical milestones, and active community engagement. Here’s everything you need to know about our journey over the past week:

🎉 Highlights

Ontology at PBW: We’re excited to announce that Ontology will be participating in PBW! Come meet us and learn more about our vision and projects.

Latest Developments

  • StackUp Quest Part 2 Live: The second part of our thrilling StackUp quest is now officially live. Dive in for new challenges and rewards!
  • Weekly Update with Clare: Hosted on the Ontology Discord channel, Clare brought our community the latest updates and insights directly from the team.

Development Progress

  • Ontology EVM Trace Trading Function: Now at 80%, we’re making significant strides in enhancing our trading functionalities within the EVM.
  • ONT to ONTD Conversion Contract: Progress has been ramped up to 45%, streamlining the conversion process for our users.
  • ONT Leverage Staking Design: We’ve reached the 30% milestone in our development of an innovative staking mechanism to leverage ONT holdings.

Product Development

  • March’s Top 10 DApps: Check out the top 10 DApps on ONTO for March, showcasing the diverse and vibrant ecosystem on Ontology.

On-Chain Activity

  • DApp Stability: Our MainNet continues to support 177 dApps, maintaining a robust and dynamic ecosystem.
  • Transaction Growth: We’ve seen an increase of 2,226 dApp-related transactions and a total of 12,604 transactions on MainNet this week, reflecting active engagement within our network.

Community Growth

Engaging Discussions: Our Twitter and Telegram channels are buzzing with lively discussions and the latest developments. We invite you to join the conversation and stay updated.Telegram Discussion on Digital Identity: Led by Ontology Loyal Members, this week’s discussion focused on “Blockchain’s Role in Digital Identity,” exploring how blockchain technology is revolutionizing digital identity management.