Ontology

Ontology is a Layer 1 public blockchain launched on 26 February 2018 by OnChain, a Chinese company also behind the NEO blockchain. It is designed to help businesses of all sizes integrate blockchain technology into their existing operations without requiring a complete overhaul of current systems. The platform claims to address the challenge of enterprise trust and data management by providing tools for distributed digital identity, data exchange, and customizable smart contract systems.

Ontology operates as a Proof of Stake blockchain with a masternode component, meaning validators commit tokens to participate in confirming transactions rather than using energy-intensive mining. The ONT token functions within this system as the staking and governance instrument, while a companion token, ONG, is generated as the gas currency used to pay for on-chain operations. The block time recorded in the data is effectively instantaneous, suggesting very fast finality, though no further consensus detail is stored in the dataset.

The data does not record a fee stream for Ontology, meaning this site carries no figures for protocol revenue, fees collected, or distributions to token holders or validators. The total value locked on the Ontology chain stands at 5,060,254.66 USD at the point-in-time snapshot, and the market-cap-to-TVL ratio is 11.23 at that same point, meaning the network's market capitalisation is roughly eleven times the value of assets deployed on it. No stablecoin supply is hosted on the chain according to the stored data. The absence of a fee stream means that fee-based valuation measures are not applicable here.