Led by Paradigm with $55 million, the team consists of top geeks from MIT and Stanford. Now even the White House's 2025 Digital Asset Report is naming and praising it, this might just be the next infrastructure giant worth hundreds of billions!
What is Succinct?
Succinct is a blockchain venture focused on simplifying zero-knowledge proofs. Zero-knowledge proofs are a technology that allows blockchains to confirm transactions or data without revealing details—integrating privacy and efficiency. The flagship tool of the project, SP1, is a zero-knowledge virtual machine (zkVM) that allows developers to write ZKP using Rust. Rust is a programming language that is easier to understand than the typical cryptocurrency (Succinct, 2025b).
Why has ZK never been truly popularized?
ZK allows privacy and transparency to coexist, making data 'verifiable' rather than 'replicable', and can achieve scaling without sacrificing security. However, it has never been truly popularized, and even many crypto-native teams are daunted by it.
The core issues are: ・Development difficulty: Ordinary developers find it hard to get started; ・Low performance: Proof generation is slow and costly; ・
Lack of standardization: Each chain and each project is fighting its own battle, reinventing the wheel;
Unfriendly to enterprises: The integration threshold for Web2 companies is extremely high and cannot be used at scale. Until Succinct appeared, Succinct is not an application, but a complete set of ZK service networks. It enables any developer, any chain, any enterprise to call ZK computing power just like using cloud services.
Product advantages
◈ SP1 zkVM: Allows developers to build ZK applications using familiar programming languages without a cryptography background;
Succinct Prover Network: Connects high-performance nodes globally to generate trusted proofs for various applications, ensuring security and efficiency. This network is the infrastructure layer for ZK computing and is the starting point for ZK to truly enter the mainstream world. Data can explain everything ▸
More than 35 on-chain protocols have integrated the Succinct network, with over 10 already launched on the mainnet; ▸
On-chain assets protected by the network have exceeded $4 billion; ▸
More than 20 professional computing nodes have joined, including hardware manufacturers, ZK service providers, and Rollup teams; ▸
The service has covered multiple areas including L1/L2 mainnets, cross-chain bridges, DePIN, and Web2 applications; ▸
Currently $PROVE is still in the consolidation phase
Operation suggestions
Incorporate callback after buying target, with a target at 2B FDV
The dream is big,#succinctlabs #succinct Can Prove make it happen?
#SuccinctLabs @Succinct $PROVE