The PROVE token is trading at $1.46, reflecting a 2.8% increase over the past 24 hours. This surge follows the successful mainnet launch of the Succinct Prover Network on August 5, which introduced a decentralized infrastructure for zero-knowledge (ZK) proof generation. The launch activated the PROVE token, enabling its use in staking, governance, and transaction fees within the network.
The PROVE token's all-time high stands at $1.73, achieved shortly after the mainnet launch, indicating strong market interest and investor confidence. With a circulating supply of 195 million tokens and a fully diluted valuation of approximately $1.47 billion, the network is poised for further expansion.
@Succinct 's decentralized prover network aims to simplify ZK proof generation, making it accessible to developers without deep cryptographic expertise. This approach has garnered support from over 35 protocols, including major projects like Polygon and Lido, and has processed more than 5 million proofs to date.
As the adoption of ZK technology grows, the $PROVE token's role in facilitating secure and scalable applications positions it as a key asset in the evolving blockchain ecosystem.
