📌 On August 5th, Succinct - the platform providing ZK infrastructure officially launched the mainnet with the first Prover Network on Ethereum. At the same time, the PROVE token was also launched, marking a turning point for a truly decentralized ZK model.
📌 The Prover Network operates as an open market where applications needing to generate ZK proofs will send requests to the network, and provers will bid to fulfill them. Instead of having to build complex infrastructure, projects only need to call an API to obtain proof from the network — as simple as calling data from Chainlink, but with the security of ZK.
📌 As of the mainnet launch date:
- Over 5 million proofs have been generated.
- 35+ protocols are integrating (including Polygon, Celestia, Lido, Mantle…).
- 1,700 ZK programs are currently running.
- The total estimated protective value reaches ~$4B.
📌 The PROVE token is the backbone of the system operation:
- Proof fees are paid between requester ↔ prover.
- Staking to ensure accountability and security.
- The delegate mechanism allows regular users to delegate staking and receive profit sharing.
- The reverse auction design helps the network optimize proof prices — those who provide cheaper, faster, and quality will win the requests.
📌 Notably, PROVE is also strongly supported by Binance through the BNB staking airdrop program — creating early traction for liquidity and users.
📌 With an open infrastructure architecture, easy integration, and clear incentives, Succinct not only opens the door to ZK for all protocols but also lays the foundation for a fair and independent "Layer of Proof" — something that previously existed only in the whitepapers of ideal projects.
