Polygon + Celestia Official Announcement! PROVE Token Becomes a Cross-Chain "Trust Passport", Unlocking 4 Billion Asset Liquidity
On August 13, Succinct announced a strategic collaboration with Polygon and Celestia to jointly build a cross-chain verification network based on PROVE. Through the recursive proof technology of SP1 zkVM, PROVE will achieve trustless message passing between any blockchains, completely eliminating the centralized risks of traditional bridging.
Technical Breakthrough Highlights:
• Lightweight Protocol: Prove LPD (Lightweight Provable Distributed Protocol) employs zero-knowledge homomorphic encryption, with verification costs only 1/100 of traditional solutions, supporting high-frequency cross-chain interactions.
• Full Chain Compatibility: Already integrated with major ecosystems like Ethereum, Solana, Cosmos, enabling end-to-end proofs for asset cross-chain transfers, contract calls, and state aggregation. DeFi giants like Uniswap and Aave have initiated integration testing, with cross-chain trading modules expected to go live in Q4.
Economic Model Innovation:
The PROVE token serves as the sole payment medium for cross-chain verification, with its value directly anchored to the global demand for inter-chain communication. Validators participate in auctions by staking PROVE, and malicious actions will lead to the confiscation of staked tokens, ensuring network security. Currently, the network supports over $1 billion in Total Value Locked (TVL) for cross-chain circulation, with a daily trading volume exceeding 50 million tokens.
Developer Incentives:
Succinct has opened API interfaces and SDK toolkits, allowing developers to invoke cross-chain verification functions with one click. Teams participating in Testnet Phase 2.5 will have priority for 1 million PROVE ecosystem incentives.
