Succinct
$PROVE is a decentralized network that provides scalable zero-knowledge proof generation for blockchain and artificial intelligence applications through a prover marketplace. By creating a decentralized market, developers can request proofs for applications, while provers compete to generate them efficiently. It solves the complexity of zero-knowledge infrastructure.
It also simplifies zero-knowledge development using the Ethereum-based SP1 zkVM, providing standard code. This allows developers to use familiar code instead of specialized cryptography.
The network claims to support over 35 protocols, including Polygon, Mantle, Celestia, and Lido, handling over five million proofs from 1,700 programs and securing over $4 billion in value.
The PROVE token, with a fixed supply of 1 billion, will be used for payments, staking, and governance in the market. At launch, 19.5% of the tokens are in circulation. To encourage participation, Binance's HODLer airdrop distributed 15 million tokens.
Due to profit-taking on the airdrop tokens, the price plummeted 50% within hours of launch, but rebounded 150% to $1.52 the next day. Besides #Binance,
$PROVE made its debut on Coinbase, Bitget, and Upbit between August 5 and 6. Extensive exchange support enhances liquidity, while Upbit's pairing with the Korean won (KRW) can improve accessibility to the #korean market.
In May 2025,
@Succinct announced SP1, a next-generation ZkVM for real-time Ethereum proofs. It aligns with Ethereum’s roadmap, prioritizing ZK-based scalability and the upcoming
#verge upgrade, positioning Succinct as the infrastructure for L2 scaling. Faster proofs may attract high-frequency DeFi protocols, favorable for adoption.
The governance module of PROVE is planned to unlock in the second quarter of 2026, allowing holders to vote on fee structures, prover incentives, and network upgrades.
The SEC's clarification on staking regulation has sparked new interest in zero-knowledge technology. ZK proofs are crucial for blockchain scalability and AI integration.
For long-term investment, PROVE is a token worth watching.
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#zkProofs