Ontology Monthly Report β€” October 2023

Absolutely thrilled to bring you the Ontology Monthly Report for October 2023! πŸŽ‰ Let’s dive into the fantastic things that have been happening in our world of Web3 and Decentralized Identity. πŸŒπŸ”’

Community and Web3 Influence 🌐🀝

Guess what, folks? We ranked Top 3 in social volume growth according to Cryptolaxy! Let’s keep the conversation flowing. πŸ—¨οΈ

Investing in Ontology? Good news! $ONG is now part of Binance Earn, offering an APR of ~1.23%. But wait, there’s more! Staking your native ONT can get you an astounding ~25% APR! Now that’s what I call a win-win! πŸ€‘

We’re also making waves in the Metaverse! Ontology was listed as a Top 11 Metaverse PLJ based on 30-D RTVI! 🌌

And for the cherry on top πŸ’, $ONG ranked in the Top 5 ONG pairs. Booyah!

Development/Corporate Updates πŸ”§

Development Milestones 🎯

  • ONT staking: 98% done with contract development πŸ› οΈ
  • ONT liquid staking front end: 96% done βœ…
  • Ontology batch trading RPC: Halfway there, at 50% πŸ”„
  • Account Abstraction research: Making progress with 15% completion πŸ“š

Events and Partnerships 🀝

We’ve launched an exciting campaign with UQUID, and we also hosted an AMA to delve into the details. πŸŽ™οΈ

Our Thursday Talks are becoming the place to be for chit-chat about Web3 tech, crypto media, and more. πŸ—£οΈ

ONTO Wallet Developments πŸŒπŸ›οΈ

Here’s what’s cooking:

Announced Top 10 most-used chains in September πŸ†

Initiated a User Feedback Quest; we even published a summary based on your valuable input! πŸ“

See full report here: https://x.com/ONTOWallet/status/1714099046665605280?s=20

ONTO wallet is soon to support Scroll MainNet!

On-Chain Metrics πŸ“Š

  • 164 Total dApps on MainNet: Steady as she grows! 🌳
  • Total dApp Transactions increased by 6,966, totaling 7,693,692 πŸ“ˆ
  • Total MainNet Transactions rose by 31,347, reaching a staggering 19,019,024! πŸš€

Community Engagement πŸ’¬

  • Had some thought-provoking chats on Discord, Telegram, and Twitter about topics like the β€œBlockchain trilemma,” β€œTop 7 Decentralized Identity Protocols,” and β€œWeb3 Wallets.” πŸ—¨οΈ
  • Special shoutout for our Loyal Member NFTs. Kudos to our active community participants! πŸ†

As the great philosopher Socrates might have said if he’d known about blockchain:

β€œAn unexamined life is not worth living, and an unexamined online identity is not worth having.”So let’s keep exploring, innovating, and, most importantly, staying connected! 🌟🌐

Until next time, Ontonauts! πŸ€—πŸ’™