#SuccinctLabs PROVE Succinct is a distributed and open network generating zero-knowledge proofs (ZK Proofs) through a competitive marketplace between service providers (Provers) and users (Requesters).
Requests and bids are coordinated off-chain for queries, while filtering and verification of results are completed through smart contracts on the Ethereum network.
The SP1 zkVM device developed by Succinct Labs is used to run programs in Rust or C++ and produce ZK proofs instead of building complex circuits.
The network is used in multiple cases such as data bridging between blockchains, off-chain account verification, AI support, gaming, and more.
Overview of the PROVE token
The PROVE token is the native token of the system: it is used to pay for proof creation, participate in governance, and secure the network through staking.
The total supply of tokens is fixed at 1 billion PROVE, while approximately 195 million tokens are currently trading (~19–20%).
The network was launched live on August 5, 2025, with massive trading activities right after launch (over $1 billion on the first day) and airdrop offerings on Binance.
Prior to that, Succinct raised approximately $55 million in a Series A funding round in March 2024 from investors like Paradigm, Bankless, and others.
Current currency performance (mid-August 2025)
The price currently ranges between $1.27 and $1.30:
CoinGecko: ~$1.28–$1.29
Binance: ~$1.27 with a decrease of ~7.3% over 24 hours
Coinbase: ~$1.30 in a similar range
All-time high (ATH) reached ~$1.71–$1.73, recorded on August 10 or 11, 2025 depending on the source.
The trading volume over the past 24 hours ranges from ~$160M to ~$196M.
The market cap is approximately $250 million, while the fully diluted value (FDV) is around $1.3 billion.
