Right now identity objects are stored within each entry. This results in a lot of duplicated data when there is a lot of entries created by the same identity. One way to mitigate this is to store the identity as an ipfs object and in the entry just put an ipld link to this object.
It could looks something like this: (pseudo code)
const identityCID = await ipfs.dag.put(identity)
entry.key = `${identityCID}/publickey`
entry.identity = identityCID