Ontology ONG: The Fuel Token of the Ontology Network
Ontology Gas (ONG) is a utility token within the Ontology blockchain ecosystem. Its function is similar to Gas on the Ethereum network and is primarily used to pay transaction fees, execute smart contracts, and perform data processing operations on the Ontology network.The Ontology network employs a unique dual-token model, in which ONT serves as the governance token for staking and participating in community voting decisions, while ONG focuses on providing a stable fuel source for network operations, designed to prevent transaction costs from being affected by fluctuations in the price of the governance token.
Since the launch of its mainnet in June 2018, the Ontology network has been dedicated to decentralized digital identity (ONT ID) and data solutions. As its core fuel, ONG powers these on-chain activities. Notably, ONT holders receive periodic ONG rewards based on their holdings and holding duration, which incentivizes users to hold ONT and participate in the network ecosystem.
Uses and Recent Developments of ONG
The core use of ONG is to ensure the smooth operation of the Ontology Network. Whether transferring assets, deploying or calling smart contracts, or interacting with Ontology’s decentralized applications (DApps), users must pay a certain amount of ONG as transaction fees. This mechanism ensures the rational allocation of network resources and prevents malicious attacks.
The Ontology Network and its ONG token have recently undergone a series of significant developments and adjustments:
- Token Economic Adjustment: From October 28 to 31, 2025, the Ontology community approved a key proposal for an ONG token economic adjustment, which took effect on December 1 of the same year.The proposal permanently reduced the total supply cap of ONG from 1 billion to 800 million and immediately burned 200 million ONG. Additionally, ONT and ONG assets worth 100 million ONG were permanently locked to enhance liquidity and further reduce the circulating supply.The ONG release cycle was also extended from approximately 18 years to approximately 19 years, maintaining a constant release rate of 1 ONG per second. The incentive mechanism was also rebalanced, with 80% of ONG emissions allocated to ONT staking rewards and the remaining 20% (plus transaction fees) allocated to ecosystem liquidity.
- Gas Fee Optimization: In January 2026, Ontology’s community governance significantly reduced on-chain gas fees by 80%, aiming to improve the network’s cost-effectiveness and user appeal, thereby further stimulating on-chain activity.
- Strategic Transformation: According to the roadmap released on March 11, 2026, Ontology announced a shift in focus toward transforming infrastructure into tangible value. The plan includes developing the ONTO Wallet into an AI data center for user-owned, verifiable human data, while continuing to optimize the Ontology EVM.On July 2, 2026, on the occasion of its mainnet’s eighth anniversary, Ontology further clarified the direction of its strategic transformation, aiming to build a “verifiable human data layer for the AI economy.”This transformation aligns closely with current concerns regarding AI data risks; for example, warnings about AI data risks issued on July 15, 2026, by Microsoft and the CEO of Palantir highlight the potential demand for Ontology’s trust solutions.
ONG’s Market Performance and Investment Considerations
As of July 19, 2026, the price of ONG was approximately $0.04683, with a market capitalization of $22.27 million and a circulating supply of approximately 475.5 million ONG.Its all-time high was $4.59 (September 28, 2018), and its all-time low was $0.039 (March 13, 2020).
Regarding ONG’s market outlook, there are diverse views within the industry:
- Bullish View: Supporters believe that as the Ontology ecosystem continues to evolve in the areas of decentralized identity, data solutions, and its transition to an AI data layer, the demand for ONG’s utility will continue to grow.The 2025 tokenomics adjustment—which involved burning and locking a portion of the tokens—effectively increased ONG’s scarcity, which may support its long-term value.Furthermore, as Ontology is a public blockchain recognized for its technical capabilities, the expansion of its ecosystem and the reduction of gas fees will help boost ONG’s usage and potential value. Relevant developments and market data can be viewed on platforms such as Svmuu.
- Cautionary Perspective: On the other hand, some argue that ONG’s value is highly correlated with ONT, and since holding ONT itself yields ONG rewards, investing directly in ONT may be considered a better option.Historically, ONG has experienced a significant price decline since 2018, and as of July 15, 2026, its price remains well below both the 30-day and 200-day simple moving averages, indicating a long-term bearish market structure and a lack of buyer confidence. Market sentiment and technical indicators also point to volatility and uncertainty.
Overall, as Ontology’s fuel token, ONG’s value is closely tied to the development and adoption of the Ontology ecosystem. Before making a decision, investors should thoroughly understand its token economic model, Ontology’s future development strategy, and market risks.
How to Acquire and Trade ONG
ONG can be traded on cryptocurrency exchanges that support the token. Users can typically earn ONG rewards by purchasing ONT and staking it, or by purchasing ONG directly on the secondary market. When selecting an exchange, it is recommended to choose a reputable, mainstream platform with high liquidity.
