The native token PROVE of the rising star in the zero-knowledge (ZK) track, Succinct Prover Network, landed on Binance Alpha on August 5, 2025, with a first-day increase of 217%, surpassing a market capitalization of $200 million, becoming one of the most关注的基础设施 token in the crypto market. Behind this explosion is the breakthrough in SP1 zkVM technology launched by Succinct—its dynamic sharding and hardware acceleration solutions have improved proof generation speed to processing 100,000 calculations per second, reducing costs by 90%, and completely rewriting the ZK industry standards.
Technical Breakthrough Analysis:
SP1 zkVM is natively developed in Rust, supporting arbitrary code to generate zero-knowledge proofs without the need for custom circuits. By integrating the Infiniband RDMA network protocol, proof generation latency has been reduced to the microsecond level, while also being compatible with multiple virtual machines such as EVM and Move, enabling cross-chain asset verification. Currently, 87 projects including Polygon and Celestia have announced integration with SP1, which is expected to bring $120 million in PROVE staking demand.
Market Validation:
With Binance HODLer airdropping 15 million PROVE (accounting for 1.5% of the total supply), the number of retail addresses surged by 386%, completing a healthy turnover. On-chain data shows that the top ten addresses' holdings decreased from 45% to 29%, confirming the market's consensus on Succinct's long-term value. More notably, Bithumb followed up with the listing of PROVE on August 6, with a first-day trading volume exceeding $1.09 billion and a liquidity pool depth reaching $230 million.
Future Outlook:
Succinct plans to enhance SP1's performance to processing 500,000 proofs per second by the end of 2025, and to expand into scenarios such as AI model verification and medical data privacy protection. With the ZK track market size expected to exceed $5 billion by 2026, PROVE is poised to capture 35% market share, becoming a core variable in the Web3 trust infrastructure.
