Ontology Weekly Report (April 11–17, 2023)

Highlights

Latest Developments

Development Progress

• Ontology MainNet has updated to V2.4.3
• We are 60% done with the high ledger memory usage optimization.
• We are 50% done with the EVM bloom bit index optimization.
• We are 45% done with the optimization of ONT liquid staking.

Product Development

• ONTO has launched the monthly report for March.
• ONTO has joined a giveaway event with Web3Shot, a huge reward for 100 lucky winners.

On-Chain Activity

• 161 total dApps on MainNet as of April 17th, 2023.
• 7,479,504 total dApp-related transactions on MainNet, an increase of 12,721 from last week.
• 18,591,727 total transactions on MainNet, an increase of 30,451 from last week.

Community Growth

• We started our Weekly Community Call Series. We talked about the many use-cases of DID in daily life. Users expressed their insights around this and actively engaged.
• We held our Telegram weekly Community Discussion led by Ontology Loyal Members, discussing about the advantages of Layer 2 and why people need it. 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

• Continuing our ‘Meet the Team’ series, we’re very pleased to ask Ontology Community Administrator, Emilio Bur few questions

• It’s time for our latest #OWN101, as part of our OWNInsights series. This week, we bring you “Cryptocurrency”.

• Humpty, on behalf of Ontology, talked about DID beyond ownership of identity and data with Benzinga.

Imagine a fantastic mix of building blocks that all fit together perfectly. That’s the excitement and innovation that multi-chain solutions and Layer 2 scaling solutions like Optimistic Rollups bring to the world of blockchain technology.