Ontology Weekly Report (August 1 — August 7, 2023)

Highlights

Let’s dive into the story of Ontology and associated eco-projects. We aim to build the Ontology infrastructure for a better cross-chain ecosystem.  

Latest DevelopmentsDevelopment Progress

● We are 100% done with the EVM bloom bit index optimization.

● We are 70% done with the testing of ONT liquid staking.

● We are 45% done with the development of frontend of ONT liquid staking.

Product Development  

• ONTO published the monthly report for July, with new chains integrated, partnerships with @InnoTech_Labs, @Chiliz,@UmisFriends,@SpaceIDProtocol, Optimized mode settings for #Core, @clv_org, and @Aptos_Network and improved text display.  
• Introduction of Multilingual and Points Features in ONTO

• ONTO has launched a partnerships with bloXroute Labs
  
  

 On-Chain Activity  

• 164 total dApps on MainNet as of August 7th, 2023.
• 7,674,897 total dApp-related transactions on MainNet, an increase of 8,473 from last week.
• 18,937,642 total transactions on MainNet, an increase of 26,702 from last week.  

Community Growth

• We held our Weekly Community Call Series. We talked about “Does Sybil resistance need our biometric data”.
• We held our Telegram weekly Community Discussion led by Ontology Loyal Members, discussing: “What Is WorldCoin?”. 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

• Binance Japan officially goes into operation with 34 tokens supported including $ONT  
  
  
• In this week’s OWN101 series, we explore ‘Recovery Phrase’ — A recovery phrase is a set of words that acts as a backup key to access your cryptocurrency wallet. Safeguard it securely to regain access if your device is lost or damaged. Never share it online or with anyone!