Ontology Weekly Report (May 14th — May 20th, 2024)

The Ontology Team
Published in
3 min readMay 23, 2024

As we navigate another week at Ontology, our community continues to grow and thrive with various developments, collaborations, and discussions. Here’s 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 the future of gaming in the blockchain space.
  • Web3 Wonderings: This week’s 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.
  • Community Updates on X: Our community updates have moved to X! Follow us to stay abreast of our latest progress and announcements.
  • Zealy on Discord: You can now find access to Zealy events under Discord events, making it easier for our community to engage and participate.

Development Progress

  • Ontology EVM Trace Trading Function: Continues to progress at 87%, enhancing our trading functionalities within the EVM.
  • ONT to ONTD Conversion Contract: Development is ongoing at 52%, aiming to streamline the conversion process for our users.
  • ONT Leverage Staking Design: We are steadily advancing, with progress now at 37%, to provide innovative staking solutions.

Product Development

  • 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.
  • April Monthly Report Published: Our April monthly report is now available! Dive into a comprehensive review of last month’s activities and achievements to see how ONTO is evolving.

On-Chain Activity

  • dApp Ecosystem: We maintain a robust portfolio of 177 dApps on MainNet, supporting a wide array of applications and services.
  • 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.

Community Growth

  • Engagement on Social Platforms: Our community remains active on both X and Telegram. Join the discussions and be a part of our growing ecosystem.
  • Telegram Discussion on Interoperable DID Solutions: Led by Ontology Harbingers, this week’s discussion, “Exploring Interoperable DID Solutions: Web2, Web3, and Beyond,” delved into how decentralized identity can bridge the gap between traditional web services and blockchain technology, focusing on KYC, login mechanisms, and peer interactions.

Stay Connected 📱

Stay engaged with Ontology by following us on our social media channels. Your participation and feedback are crucial as we continue to push the boundaries of blockchain technology and decentralized identity.

Ontology website / ONTO website / OWallet (GitHub)

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

Telegram Announcement / Telegram English / GitHub / Discord

Thank you for your continued support and engagement. Let’s keep innovating and shaping the future of Web3 together!