What is Succinct?

Succinct is a decentralized prover network built on Ethereum, aimed at helping developers easily access and deploy Zero-Knowledge Proof (ZKPs) technology. Succinct provides an infrastructure solution for efficiently creating and verifying ZK proofs in a secure and censorship-resistant manner.

Succinct is designed as a two-sided market that connects parties needing ZK proofs (requesters) with those who create proofs (provers). This network helps developers integrate ZKPs into their applications like rollups, coprocessors, bridges, and other dApp applications without having to build complex infrastructure from scratch.

What is the PROVE Token?

PROVE is the native utility and governance token of the Succinct network. This token plays a central role in the operation, security, and governance of the network.

The main roles of the PROVE token include:

  • Payment: PROVE is used to pay for proof generation. When applications send requests for proof creation, they will pay provers with PROVE tokens.

  • Staking: Provers must stake a certain amount of PROVE to participate in auctions and fulfill proof generation requests. This staking not only helps ensure the network's security but also allows them to earn rewards. If provers fail or provide incorrect proofs, a portion of their staked token may be slashed.

  • Governance: PROVE token holders have the right to participate in future network governance decisions, voting on protocol changes and other important issues.

If you are interested in the PROVE Token, you can buy it on the exchange Binance.com.

Binance registration link and buy PROVE: https://accounts.binance.com/register?

Tokenomics & PROVE DISTRIBUTION

The total supply is 1 billion PROVE tokens, deployed ERC-20 on Ethereum.

About 19-20% (~195-200 million tokens) were initially in circulation, with a vesting schedule for contributors, investors, foundation, incentives, etc.

Distribution structure:

  • Core team: ~29.5%;

  • Ecosystem & R&D: ~25%;

  • Incentives: ~15%;

  • Investors: ~10.5%;

  • Foundation & Launch allocation: the remainder with clear vesting

Official Activities (Mainnet & Listing):

  • On August 5, 2025, Succinct officially launched its mainnet, while the PROVE token was listed on Bitget, Binance, Upbit… and quickly reached a price of $1.50 within the first 24 hours with a trading volume exceeding 715 million USD.

  • Currently, the price of PROVE stabilizes around $1.20, with predictions of possibly continuing to breakout to $1.25–1.56 in the short term if momentum is maintained.

The main product of Succinct

SP1 is the flagship product of Succinct, described as the fastest and most feature-rich zero-knowledge virtual machine (zkVM) based on RISC-V in the world. SP1 allows developers to write code in Rust to easily create proofs that are maintainable.

The outstanding features of SP1 include:

  • Speed and Performance: SP1 is designed to generate proofs with the highest performance.

  • Flexibility: Proofs generated by SP1 can be verified on various platforms such as Ethereum, Layer 2, Solana, mobile applications, and on the web.

  • Ease of use: Developers can leverage the power of Rust to write code easily, speeding up development.

Who created Succinct (PROVE)?

Succinct (with the PROVE token) was co-founded in 2022 by two individuals:

  • Uma Roy – Co‑Founder & CEO: has a research background at MIT, previously worked at Google Brain, Citadel and was named by Forbes as '30 Under 30' for expertise in cryptography and blockchain.

  • John Guibas – Co‑Founder & CTO: specializes in proof systems and blockchain infrastructure, leading the core engineering activities of Succinct.

Additionally, the initial team includes notable names such as Kshitij Kulkarni (Head of Protocol Research), along with several founding engineers like Matt Stam, Tamir Hemo, etc.

Applications of Succinct Technology

Succinct's zero-knowledge proof technology can be applied in many fields:

  • zkEVMs: Ethereum block execution proofs can be generated using Reth and Revm running in SP1. This allows the creation of zkEVM using Rust code, simplifying the development process.

  • Rollups: Validity proofs for the state transition function of a rollup can be generated and used with ZKP to connect to other payment layers like Ethereum.

  • Coprocessors: Succinct technology can be used to perform large-scale computations on historical state data and on-chain consensus layer data.

  • Identity: Allows the creation of proofs with private inputs, building applications for secret or anonymous voting using client-side proving.

  • Machine Learning: Supports on-chain applications with autonomous agents and generative art.

  • Interoperability: Enables the use of cryptographic operations not natively supported in EVM, improving interoperability between different platforms.

Advantages & Challenges of Succinct

Positive trend:

  • Bringing ZK technology to mainstream developers, reducing technical barriers.

  • A decentralized, transparent network, rapidly developing through open licensing for provers.

  • Clear tokenomics with staking, delegation, governance, and incentives for early community.

Risks & challenges:

  • High volatility after the token unlock due to airdrop and investors selling.

  • Competition from other ZK platforms (zkSync, StarkNet, Mina, etc.) that are developing independently.

  • Need to ensure the network operates stably, is open-source, and has a long-term contributing community.

In the future:

  • In the long term, Succinct aims to become a digital infrastructure similar to Internet protocol for ZK applications (rollup, AI agents, privacy processing, Bitcoin bridge…).

  • The network will gradually shift to governance controlled by the PROVE community, where stakers will vote on network parameters.

  • Predictions from technical analysis and market trend analysis indicate that PROVE may grow in the future if network adoption continues to expand and integrate more use-cases.

Where to buy and sell PROVE Token?

Currently, you can buy and sell PROVE on many cryptocurrency exchanges, including Binance.com, which is one of them. Binance is currently a reputable, safe, secure, and the best exchange in the world, trusted and used by Huongdandaotienao and most traders.

If you do not have an account on this exchange, you should create an account immediately to buy PROVE specifically and buy other Coins and Tokens in general.

Binance registration link and buy TOWNS: https://accounts.binance.com/register?

Conclusion

Succinct (PROVE) is a pioneering platform that provides versatile, accessible, and fair zero-knowledge proof infrastructure. With the SP1 zkVM design and decentralized Prover network, the project is ushering in a new era of provable software. Through integration with large ecosystems like Polygon, Celestia and strong startup funding (~$55M Series A), Succinct is building an ecosystem to set a standard for applications requiring high transparency and security.

If you are interested in learning more, you can read the whitepaper 'Succinct Network: Prove the World’s Software' and view developer documentation at docs.succinct.xyz.