Succinct (PROVE) is the token of the Succinct Labs platform, launched in 2024 as a decentralized network for generating zero-knowledge (ZK) proofs. Succinct is positioned as a universal infrastructure for computation verification, allowing developers to create ZK proofs for arbitrary code (Rust) using zkVM (SP1). The platform solves the scalability problem of Ethereum and other chains by providing reliable and accessible ZK proofs. PROVE is used for:
- Payments: Requests to generate evidence on the network.
- Security: Staking to protect the network and punish mistakes.
- Incentives: Rewards for provers for generating proofs.
- Governance: Voting in Succinct DAO.
Key Features:
- Succinct Prover Network: A decentralized prover network where requesters pay PROVE for proofs and provers compete in auctions.
- SP1 zkVM: Open source code for verifying Rust programs, compatible with Ethereum.
- Emission: Total 1 billion PROVE (ERC-20 on Ethereum), inflation regulated by DAO, 10% on airdrop.
- Ecosystem: TVL ~$400–$600 million, 1.4 million accounts, integrations with Aave, Morpho, Hashflow 2.0.
Succinct has raised $55 million from Framework Ventures, Variant, Nascent, 1kx, Robot Ventures, Maven11, and is supported by Coinbase Ventures, Polychain Capital. The token is traded on Binance, Coinbase, KuCoin, OKX, Bybit, MEXC, Bitget, Gate.io (40 exchanges, 52 markets).
### Current data
- Price (August 9, 2025): ~$0.9762–$1.72 (CoinMarketCap, CoinGecko, Crypto.news).
- Market cap: ~$189.55–$500 million (ranking #150–300).
- Trading volume (24h): ~$1.01–$1.370 billion, volatility (-26.59% to +297.5%).
- Circulating supply: ~195 million PROVE (19.5% of total supply).
### News
- Mainnet launch: Succinct Prover Network went to mainnet (August 2025), PROVE reached ATH $1.72 (August 11, 2025).
- Airdrop: 10% of the emission (100 million PROVE) for the community, developers, X-affiliates and "proving the future" (registration until August 3, 2025).
- Partnerships: Agora (AUSD stablecoin), Hashflow 2.0, Wormhole.
- Negative: 27.5% drop in 24 hours after listing (August 8, 2025), cyberattack (July 4, 2025).
- Bullish sentiment: 60-70% of posts on X are optimistic, “whale surge” (+46%), discussion $PROVE in Stage 2.5 testnet.
### Technical analysis
- Current situation: PROVE price has fallen 43% from ATH $1.72 (August 11, 2025) and is trading at $0.9762–$1.72, with a change of -27.5% in 24 hours and 0% in 7 days (new token). The daily chart shows an ascending triangle after the listing hype, support $0.65, resistance $1.5. RSI is neutral, a breakout is possible.
- Key levels:
- Support: $0.65–$0.9762 (post-listing low, 50-day SMA).
- Resistance: $1.5, then $1.72 (ATH).
- Indicators:
- RSI (daily): ~45–50, neutral zone.
- MACD: Neutral, narrowing of the histogram.
- SMA: Price below 50-day ($1.20), above low ($0.65).
- Volumes: $1.01–$1.370 billion, down 26.59% (Binance: $444.87 million for PROVE/USDT). Post-mainnet surge.
- Chart: Price is testing $0.9762–$1.72 in an ascending triangle. A break of $1.5 could push the price to $1.72–$2.00; a break of $0.65 would extend the decline to $0.50. Use 1H/4H timeframes. See on TradingView (PROVE/USDT).
### Fundamental factors
- Positive:
- Ecosystem: TVL $400–$600 million, SP1 zkVM for Rust, decentralized prover network.
- Partnerships: Agora (AUSD), Wormhole, Hashflow 2.0, Ethereum (scaling).
- Innovations: ZK proofs for arbitrary code, universal computation, ZK market CAGR 45%.
- Bullish: 60-70% of posts on X are bullish, 12/17 indicators are bullish,#25in ZK Crypto.
- Risks:
- Volatility: 27.5% drop in 24 hours after listing, cyber attack (July 4, 2025).
- Competition: Zcash, Zilliqa, Mina Protocol in ZK.
- Tokenomics: 1B PROVE, 19.5% in circulation, selling pressure likely.
- Low liquidity: Volumes ($1.01–$1.370 billion) are below top tokens, Fear & Greed Index is 25 (fear).
## Recommendations
- Traders: Buy on hold at $0.9762 (target $1.5–$1.72, stop-loss $0.65). Sell on breakout at $0.65 (target $0.50). Use 1H/4H timeframes, monitor volumes and mainnet news.
- Investors: Upside potential is linked to ZK market (CAGR 45%) and partnerships, but volatility and competition require caution. Stay tuned for news on TVL and new projects.
- Monitoring: Follow X (@SuccinctLabs, @CryptoMichNL) and TradingView (PROVE/USDT). Check CoinGecko, CoinMarketCap, Binance Square.