From zero-knowledge to real-world opportunities: A comprehensive analysis of $PROVE
Succinct ($PROVE) launched as Binance's 31st HODLer airdrop project, generating significant interest right from the start: opening surge to $2, with a market cap exceeding $300 million, making it one of the few 'TGE not to fall below issue price' candidates recently.
🔸 What Succinct aims to do is very simple
—— Make 'zero-knowledge proofs' as easy to use as cloud services.
SP1 zkVM: Supports programming in Rust/C++, automatically generates zero-knowledge proofs
Decentralized prover network: Anyone can contribute computing power to earn PROVE
Core scenarios: cross-chain verification, Rollup, off-chain computation, AI result verification, etc.
Currently partnered with over 30 major projects including Polygon, Celestia, Lido, Mantle, safeguarding on-chain assets worth over $4 billion. The financing background is equally impressive, with Paradigm leading a $55 million investment.
🔸 Why is Succinct worth paying attention to?
1⃣ High technical threshold, deep moat: The barrier to entry in the ZK track is extremely high, with limited market participants
2⃣ Already implemented → Revenue generated: The testnet has processed over 5 million proofs, with an ARR of approximately 2.5 million USD
3⃣ Token utility: payment, staking, governance - not just a simple story token
This is a project supported by both technology and capital, with short-term volatility and long-term ecological development; trading can be flexibly bullish or bearish, key is to seize liquidity opportunities brought by volatility.
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