Succinct (PROVE) is the native token of Succinct Labs — an infrastructure platform specialized in Zero-Knowledge Proof (ZKP) technology that enables fast, secure, and trustless data transfer and verification between blockchains.
The PROVE token is used to pay for verification fees, staking to protect the network, and participating in development direction voting. Succinct allows developers to integrate ZK proofs into their applications to perform cross-chain tasks, verify on-chain or off-chain data while ensuring integrity.
With the explosion of ZK solutions in blockchain security and scalability, PROVE and Succinct are gaining community attention as an important piece for the future of Web3 infrastructure.