Ontology Weekly Report (Mar 12th — Mar 18th, 2024)

In a week filled with progress and community engagement, Ontology continues to pave the way in the Web3 world. Here’s a recap of our accomplishments and updates:

🎉 Highlights

StackUp Campaign Part 2: Get ready for the next phase of our exciting campaign with StackUp, going live soon with more opportunities for our community!

Latest Developments

• Weekly Community Update: As usual, we kept our community informed with the latest news and developments from the Ontology ecosystem.

• Weekly Web3 Wonderings: This week, our focus was on identities and data, discussing the significance of these elements in the Web3 space.

Development Progress

• Ontology EVM Trace Trading Function: Now at 75%, we’re making consistent progress in enhancing our trading capabilities within the EVM.
• ONT to ONTD Conversion Contract: Development has reached 40%, working towards a seamless conversion process.
• ONT Leverage Staking Design: We’ve hit the 25% milestone in our efforts to introduce a leverage staking mechanism for ONT.

Product Development

• Top 10 dApps for February: We’ve highlighted February’s top-performing dApps within the ONTO ecosystem, showcasing innovation and user engagement.

• ONTO Use Tip: Discover the convenience of quickly swapping ONT to ONG directly within ONTO, enhancing your user experience.

• New Listing: UniLend Finance is now listed on ONTO, expanding our diverse range of financial services and offerings.

On-Chain Activity

• dApp Stability: Our MainNet supports 177 dApps, maintaining a robust and dynamic ecosystem.
• Transaction Growth: With a notable increase of 4,030 dApp-related transactions and 13,902 total transactions on MainNet this week, our network continues to thrive.

Community Growth

• Engaging Discussions: Our Twitter and Telegram channels are alive with vibrant community interactions and discussions on the latest developments.
• Telegram Discussion on DID: Led by Ontology Loyal Members, this week’s focus was “The Dawn of DID,” delving into the future of digital identity.