Following the successful governance vote earlier this month, the gas price reduction is now live on Ontology MainNet. The minimum gas price has been reduced from 2500 to 500, an 80% decrease that takes effect immediately across the network.

Why This Matters

Transaction costs are one of the most significant barriers to blockchain adoption. For enterprises evaluating decentralized solutions, predictable and reasonable operational costs are essential for sustainable integration. For developers building the next generation of apps, lower gas prices mean more room to innovate and experiment.

Enhanced Accessibility: Lower transaction costs remove friction for new users and enterprises entering the ecosystem.

Developer Empowerment: Builders can deploy and test applications more cost-effectively, encouraging faster iteration.

Competitive Positioning: Ontology remains aligned with industry standards, offering compelling economics compared to other Layer 1 solutions.

Ecosystem Growth: Emerging apps benefit from a more cost-efficient environment, strengthening the overall Ontology ecosystem.

The upgrade is live now. Start building at ont.io