Ontology Weekly Report (July 1 — 6, 2021)

Ontology Weekly Report (July 1 — 6, 2021)

Highlights

It has been another exciting week at Ontology HQ. The development of our EVM, which connects our trusted decentralized identity solutions with millions of developers and users in the EVM-based blockchain ecosystem, is now fully complete. In other big news, we celebrated an important milestone in Ontology’s history, the third anniversary of our MainNet launch.

Latest Developments

Development Progress

  • We are delighted to announce that Ontology’s EVM development is now fully complete. It is designed to be fully compatible with the Ethereum contract ecosystem.
  • ETH RPC support is also fully complete, while the testing phase is 50% complete.
  • Ontology’s new Ethereum account system is now 80% complete.
  • The flow logic of optimizing transactions from the network layer to the transaction pool is now 50% complete. Transaction pool processing performance has been significantly improved.
  • EVM assets and OEP-4 assets seamless transfer technical solution is 50% complete, which facilitates the conversion and circulation between OEP-4 assets and EVM assets.

Product Development

  • To celebrate the third anniversary of the Ontology MainNet launch, ONTO released 10,000 limited edition collectible NFTs. There was a great reaction from the global community, which claimed all of the NFTs within 4 hours of their launch.
  • Activities co-organized with ApeSwap, CafeSwap and HyperJump are ongoing, while the recently organized activity with Polygon was a great success, with over 600 users participating.
  • We also launched a campaign with BabySwap where users who provide liquidity on BabySwap have a chance to win BABY and ONT.

On-Chain Activity

  • 117 dApps have been launched on MainNet.
  • The total dApp transaction volume is 6,636,388, an increase of 19,975 from last week.
  • 15,918,917 transactions have been completed on MainNet, an increase of 110,606 from last week.

Community Growth

  • 189 new members joined our global community....

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OntologyNetwork - Medium

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