{"id":320,"date":"2024-05-24T15:41:17","date_gmt":"2024-05-24T15:41:17","guid":{"rendered":""},"modified":"2024-05-24T15:41:17","modified_gmt":"2024-05-24T15:41:17","slug":"ontology-weekly-report-may-14th-may-20th-2024","status":"publish","type":"post","link":"https:\/\/ont.io\/news\/ontology-weekly-report-may-14th-may-20th-2024\/","title":{"rendered":"Ontology Weekly Report (May 14th \u2014 May 20th, 2024)"},"content":{"rendered":"<p>As we navigate another week at Ontology, our community continues to grow and thrive with various developments, collaborations, and discussions. Here\u2019s a recap of our activities and updates for this past week:<\/p>\n<p><\/p>\n<h2>Latest Developments<\/h2>\n<ul>\n<li>Karmaverse Collaboration on Binance Live: We joined Karmaverse on Binance live, engaging in a dynamic discussion about our collaborative projects and the future of gaming in the blockchain space.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/05\/17165364142240nBezPYnpj9O8Ua0Y.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>Web3 Wonderings: This week\u2019s session covered the latest news in the crypto world. If you missed the live event, catch the recording to stay informed about the evolving landscape.<\/li>\n<\/ul>\n<ul><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/05\/17165364224370v4OsXyleYDC2bCZi.jpg\" style=\"max-width:100%;\"><\/p>\n<li>Community Updates on X: Our community updates have moved to X! Follow us to stay abreast of our latest progress and announcements.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/05\/17165364283370VgG6g47FCuC9gkun.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>Zealy on Discord: You can now find access to Zealy events under Discord events, making it easier for our community to engage and participate.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/05\/171653643446800B9bSmkIrFEn6RHg.jpg\" style=\"max-width:100%;\"><\/p>\n<p><\/p>\n<h2>Development Progress<\/h2>\n<ul>\n<li>Ontology EVM Trace Trading Function: Continues to progress at 87%, enhancing our trading functionalities within the EVM.<\/li>\n<li>ONT to ONTD Conversion Contract: Development is ongoing at 52%, aiming to streamline the conversion process for our users.<\/li>\n<li>ONT Leverage Staking Design: We are steadily advancing, with progress now at 37%, to provide innovative staking solutions.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Product Development<\/h2>\n<ul>\n<li>Partnership with XSTAR: ONTO has partnered with XSTAR to drive Web3 adoption together. This partnership is expected to foster significant advancements in accessibility and user engagement.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/05\/17165364503300Bh1gLz78k_9D5AD.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>April Monthly Report Published: Our April monthly report is now available! Dive into a comprehensive review of last month\u2019s activities and achievements to see how ONTO is evolving.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/05\/171653645753500NVp-IO-fIF_ONxb.jpg\" style=\"max-width:100%;\"><\/p>\n<p><\/p>\n<h2>On-Chain Activity<\/h2>\n<ul>\n<li>dApp Ecosystem: We maintain a robust portfolio of 177 dApps on MainNet, supporting a wide array of applications and services.<\/li>\n<li>Transaction Growth: This week, the network saw an increase of 1,344 dApp-related transactions, bringing the total to 7,765,096. Overall transactions on MainNet also grew by 5,579, totaling 19,434,144.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Community Growth<\/h2>\n<ul>\n<li>Engagement on Social Platforms: Our community remains active on both X and Telegram. Join the discussions and be a part of our growing ecosystem.<\/li>\n<li>Telegram Discussion on Interoperable DID Solutions: Led by Ontology Harbingers, this week\u2019s discussion, \u201cExploring Interoperable DID Solutions: Web2, Web3, and Beyond,\u201d delved into how decentralized identity can bridge the gap between traditional web services and blockchain technology, focusing on KYC, login mechanisms, and peer interactions.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>As we navigate another week at Ontology, our community continues to grow and thrive with various developments, collaborations, and discussions. Here\u2019s a recap of our activities and updates for this past week: Latest Developments Karmaverse Collaboration on Binance Live: We joined Karmaverse on Binance live, engaging in a dynamic discussion about our collaborative projects and<\/p>\n","protected":false},"author":1,"featured_media":321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/comments?post=320"}],"version-history":[{"count":0,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media\/321"}],"wp:attachment":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media?parent=320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/categories?post=320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/tags?post=320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}