Ontology Weekly Report (July 4 — July 10, 2023)

Highlights

We celebrated the Ontology MainNet 5th Anniversary Event on July 6th with great success! 🎉

During the event, we had insightful discussions on improving the Web3 UX for the next million users. We were joined by esteemed guests from iZUMi Finance, Alchemy Pay, NUVO, and Cred Protocol, who shared their valuable insights and expertise. It was a fantastic opportunity to explore the future of Web3 UX together! 🌐

Latest Developments

Development Progress

● We are 96% done with the EVM bloom bit index optimization.

● We are 55% done with the testing of ONT liquid staking.

● We are 25% done with the development of frontend of ONT liquid staking.

Product Development

- ONTO and Umi’s Twitter Space had over 800 listeners.

- ONTO published product introduction threads

- ONTO has launched partnerships with blockin.ai

On-Chain Activity

● 164 total dApps on MainNet as of July 10th, 2023.

● 7,664,477 total dApp-related transactions on MainNet, an increase of 10,725 from last week.

● 18,890,620 total transactions on MainNet, an increase of 18,113 from last week.

Community Growth

● We held our Weekly Community Call Series. We talked about “The future of DIDs with Ontology”.

● We held our Telegram weekly Community Discussion led by Ontology Loyal Members, discussing: “How to improve the Web3 UX for the next million users”. 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

● NOWPayments integrated ONT for travel with enhanced security, global access, and super-speed transactions.

● In this week’s OWN101 series, we considered ‘Block Explorer’ — A tool or website that allows users to view detailed information about transactions, blocks, and addresses on a blockchain network.