Ontology Gas (ONG)
CryptoScore Pro global score : 58/100 (computed on 2026-10-30)
Ontology Gas (ONG) is the native utility token of the Ontology blockchain, a Layer 1 smart contract platform designed to bridge traditional enterprise systems with decentralized infrastructure. Launched in June 2018, Ontology targets businesses and institutions seeking to integrate blockchain technology without sacrificing compliance or scalability. Unlike general-purpose blockchains, Ontology emphasizes identity verification, data integrity, and interoperability, positioning itself as a foundational layer for enterprise-grade decentralized applications (dApps). ONG serves as the fuel for transactions and smart contract executions, mirroring the role of gas in Ethereum but with a distinct economic model tied to Ontology’s dual-token system, where ONT acts as the governance token and ONG as the operational asset. Ontology’s architecture is built around a hybrid consensus mechanism combining Proof of Stake (PoS) and a Byzantine Fault Tolerance (BFT) variant called VBFT. This design prioritizes transaction finality and energy efficiency while maintaining compatibility with enterprise requirements. The network supports multiple virtual machines, including a custom Ontology Virtual…
Scores by pillar
| Technology | 44/100 |
|---|---|
| Tokenomics | 71/100 |
| Team | 63/100 |
| Adoption | 57/100 |
| Liquidity | 62/100 |
| Compliance | 77/100 |
Market data
| Price | $0.06791 |
|---|---|
| Market cap | $32.98M |
| 24h volume | $1.84M |
| Market cap rank | #689 |
| 24h change | -5.85% |
| 7d change | -12.78% |
| Blockchain | Ontology |
| Sector | Infrastructure |
Analysis
The asset occupies a specific role as the operational fuel of a layer 1 blockchain, the base infrastructure for applications. The network uses a hybrid PoS and VBFT consensus, a fast validation mechanism, to serve enterprises. The token is used exclusively to pay transaction fees and smart contract execution fees.