Ontology Weekly Report (April 7th–13th, 2021)

This article was first published on OntologyNetwork - Medium
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Highlights

It has been another busy week at Ontology HQ. Marking a significant milestone for DeFi at Ontology, Wing Finance, Ontology’s cross chain DeFi lending platform, is now live on Ethereum. We also cooperated with MDEX to launch a global campaign.

Latest Developments

Development Progress

  • We have completed 75% of the Ontology EVM-integrated design, which will make Ontology fully compatible with the Ethereum smart contract ecology after completion.
  • We have completed 60% of the latest Layer 2 technology, exploring the integration of Ethereum Layer 2 on the Ontology MainNet.

Product Development

This week ONTO x MDEX (BSC) jointly launched an AMA broadcast and a two week liquidity mining campaign to spread the word.

dApps

  • This week there 113 dApps launched l on MainNet.
  • There were 6,541,382 dApp transactions completed on MainNet.
  • 31,614 dApp-related transactions took place.

Community Growth

We are delighted to see the Ontology community is continuing to grow at a rapid speed. This week we onboarded over 514 new members across our global communities.

Follow us on Twitter or Telegram to keep up with our latest developments and community updates. As always, we encourage anyone who is interested in Ontology to join us.

Global News

  • Wing Finance, Ontology’s cross chain DeFi lending platform is now live on Ethereum, providing opportunities to a much wider audience....

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OntologyNetwork - Medium

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