Succinct is a decentralized prover network built on Ethereum, aiming to make zero-knowledge proofs (ZKPs) more accessible. Developers can submit proof requests via a shared marketplace, where independent provers compete to generate ZK proofs. The system leverages the SP1 virtual machine for easier integration using familiar languages like Rust or C++, without needing deep cryptographic expertise.
Binance’s Role: Listing & Airdrop
On August 5, 2025, Binance listed PROVE on its Spot Market (with a “Seed Tag”) and launched a HODLer Airdrop, distributing 15 million PROVE tokens to eligible BNB holders who had subscribed their BNB via Simple Earn or On-Chain Yields between July 9 and July 12, 2025.
Market Reaction & Trends
Upon listing, PROVE initially surged—posting a 30% rally with a staggering 33,000% trading volume spike, fueled by the mainnet launch and heavy interest. However, the rebound was short-lived: the token dropped over 40%, falling below $0.63 from its peak above $1.10. This plunge was largely driven by airdrop holders selling into the market.
Current Market Snapshot
CoinGecko: PROVE is trading with a market cap reflecting the 195 million circulating supply; daily volume shows a ~–75% dip.
CoinMarketCap: Latest price around $0.996, market cap near $194 million, with 195 million circulating out of a max 1 billion tokens.
CryptoRank reports PROVE's all-time high was $1.56 on August 6, 2025, currently about 37% lower.
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Summary Table
Topic Highlights
Protocol Decentralized ZK prover network using SP1, simplifying proof generation.
Binance Listing Listed on Spot Market on Aug 5; HODLer Airdrop to BNB subscribers eligible during Jul 9–12.
Market Moves 30% rally at launch, followed by a >40% drop due to airdrop-sell pressure.
Current Metrics Trading around $0.99–$1.00; market cap ~$190–195M; all-time high $1.56.
