Succinct Proof (
$PROVE ) Token: A Potential Project in the Zero-Knowledge Proof Track
As blockchain technology evolves, Zero-Knowledge Proof (ZKP) has become a core technology for privacy and scalability. Projects like zkSync, StarkNet, and Scroll rely on ZKP to achieve efficient Layer 2 solutions, while the Succinct Proof (
$PROVE ) project focuses on Succinct Proof, aiming to lower the development and usage barriers of ZKP and become a key player in ZKP infrastructure.
1. Core Value and Advantages of PROVE
### **(1) Leading Technology, Lowering ZKP Development Barriers**
- **SP1 zkVM**: Supports automatic generation of ZK proofs from Rust/C++ code, significantly reducing development difficulty.
- **Decentralized Proof Network**: Over 5 million proofs generated, collaborating with 35+ protocols, with a TVL exceeding $4 billion.
- **Cross-Chain Compatibility**: Supports Ethereum, Solana, Layer 2, etc., suitable for cross-chain bridges and DeFi applications.
### **(2) Institutional Endorsement and Financial Support**
- **Raised $55 million** led by Paradigm, with a valuation of $937.5 million.
- **Wall Street Funds Entering**: 6 institutions purchased 83 million PROVE (accounting for 15% of circulation).
### **(3) Token Economics and Demand-Driven**
- **Total Supply of 1 Billion Tokens**, initial circulation of 20% (200 million), 65% of tokens locked for 12 months, reducing short-term selling pressure.
- **Staking Incentives**: Institutions and large holders lock up (e.g., one address staked 2 million tokens, with a floating profit of $870,000), reducing market circulation.
@Succinct #prove