Ontology Weekly Report (July 29th — August 5th, 2024)

The Ontology Team
OntologyNetwork
Published in
3 min readAug 7, 2024

Welcome to this week’s Ontology report, where we highlight our continuous efforts to enhance our platform and expand our ecosystem through innovative developments, community engagement, and strategic partnerships. Here’s what’s been happening:

Latest Developments

  • Community Call with Plena Finance: We hosted a community call with Plena Finance, discussing potential synergies and collaborative opportunities to enhance financial solutions on the blockchain.
  • Web3 Happenings — Privacy Discussion: Our latest Web3 Happenings focused on DAO Governance in Web3, a critical issue as we advance in the digital age. Be sure to join our next session to dive deeper into this vital topic.
  • New Partnership with Moongate: We’re excited to announce a new partnership with Moongate, aiming to expand our technological reach and foster innovative blockchain solutions.
  • Joining Ispolink: Ontology has joined Ispolink, enhancing our network connections and collaborative potential in the blockchain industry.

Development Progress

  • Go Toolkit Upgrade: We’ve successfully upgraded the Go toolkit for Ontology, enhancing the development experience and providing more robust tools for our developers.
  • ONT Leverage Staking Design: Progress continues with our leverage staking design, currently at 65%, which aims to provide more flexible and profitable staking options.
  • RPC Port Service Isolation: We have addressed and fixed issues related to the Ontology RPC port service isolation, improving security and functionality.

Product Development

  • $NEIRO Listing on ONTO: We’re pleased to announce that $NEIRO is now listed on ONTO, expanding the range of assets available to our users and enhancing trading possibilities.

On-Chain Activity

  • dApp Ecosystem Stability: The total number of dApps on our MainNet remains robust at 177.
  • Transaction Growth: We observed an increase of 2,977 dApp-related transactions this week, totaling 7,779,915. Overall transactions on MainNet also saw a significant rise of 14,544, reaching 19,519,766.

Community Growth

  • Engaging Community Discussions: Our social media platforms, including Twitter and Telegram, continue to be lively spaces for community interactions and the latest updates. This week’s featured Telegram discussion led by Ontology Loyal Members focused on “Exploring Interoperable DID Solutions: Web2, Web3, and Beyond,” covering topics from customer knowledge to login systems and peer interactions.

Stay Connected 📱

Engage with us and stay updated on the latest developments by following our social media channels. Your participation and feedback are invaluable as we continue to advance the blockchain and decentralized identity landscapes.

Ontology website / ONTO website / OWallet (GitHub)

Twitter / Reddit / Facebook / LinkedIn / YouTube / NaverBlog / Forklog

Telegram Announcement / Telegram English / GitHub / Discord

Thank you for your ongoing support and engagement. As we push forward, we are committed to delivering innovative solutions and fostering a more inclusive and secure digital future. Stay tuned for more updates and developments next week!

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