What is Succinct?
Succinct is a decentralized network of proof providers (provers) based on Ethereum that simplifies and speeds up the creation of zero-knowledge proofs (ZKP) for any applications. Through an open marketplace model, Succinct allows requesters and providers to conduct auctions for generating proofs offline with subsequent secure settlement on-chain.
Key development milestones
White paper and early research (2024): A vision of a permissionless marketplace for ZKP services has been outlined.
Series A round ($55 million, March 2024): Leading investors - Paradigm, Sandeep Nailwal, Robot Ventures, and Bankless Ventures - supported the project.
Testnet Stage 2.5 (Q3 2025): Launch of a full testing environment for staking, requests, and real-time proof execution.
Mainnet and TVL: At the time of launch, the mainnet provided over $4 billion in TVL through 35+ integrations (Polygon, Celestia, Mantle, etc.).
Network architecture
1. Off-chain Auctioneer Service: Coordinates proof requests and auctions among providers through a verifiable database and zkVM program SP1.
2. On-chain Settlement Contracts: Periodically capture states and verify zk-proofs, allowing participants to safely withdraw funds directly from Ethereum without trust in intermediaries.
Such separation provides a millisecond auction mechanism with full transparency and security on the blockchain.
PROVE token: functions and governance
Payments: Requesters pay PROVE for creating proofs.
Staking and security: Provers freeze PROVE as collateral; failure to meet deadlines results in slashing.
Voting: In the future, PROVE holders will gain the authority to change network parameters through DAO.
Additionally, any user will be able to delegate PROVE to providers and receive a share of the fees.
Distribution and issuance
19.5% issued at listing
1.5% allocated for airdrop to HODL users of Binance
0.5% - for marketing and promotion
20% allocated to the ecosystem and fund
25% distributed to the team and advisors
33.5% reserved for future incentive programs and staking
The total supply is fixed at 1,000,000,000 PROVE, details of vesting and timelines are available in the official documentation.
Partnerships and integrations
Major blockchains: Polygon, Celestia, Mantle, AcrossProtocol (TVL > $4 billion)
Performance accelerators: ZAN and Cysic - FPGA-accelerated nodes for SP1 (up to 20×)
Research collaborations: World Chain Experiment for global scaling of ZKP
How to get PROVE on Binance
Airdrop conditions: participants of Simple Earn or On-Chain Yields from July 18 to 21, 2025
Listing date: August 5, 2025, 17:00 UTC
Trading pairs: PROVE/USDT, PROVE/USDC, PROVE/BNB, PROVE/FDUSD, PROVE/TRY
Deposits: opened from August 5, 04:00 UTC on Binance Alpha and Spot
What's next?
Succinct continues to develop its vApp model, strengthening the ZKP solutions ecosystem. After the Testnet Stage 2.5 and the launch of incentive programs, the PROVE community will gain more power over network governance. Stay tuned for updates to not miss new partnerships and participation opportunities.
This message is for informational purposes only and is not an investment recommendation. Conduct your own research before making decisions.
