Imagine a proof network that operates automatically without revealing computational details—this is the revolution of Succinct. It has created a decentralized verifiable application (vApp) architecture based on Ethereum, coordinating a market of provers dispersed globally, generating zero-knowledge proofs (ZKProofs) for any software through an auction mechanism, both quickly and verifiably.
The core token PROVE is the driving engine of the ecosystem: requesters pay PROVE to obtain proofs, nodes (provers) use PROVE in a staking manner to participate in bidding and verification, and the governance system adjusts parameters through PROVE voting. Its total supply is fixed at 1 billion tokens, binding payment, security, and governance into one.
Recently, the ecosystem has experienced explosive growth: the mainnet was officially launched on August 5, and PROVE was quickly listed on several major exchanges (such as Binance, Coinbase, Upbit, etc.), with trading volume surging dramatically in a short time—daily trading volume exceeded $1B, and market capitalization surged to $253 million. During the trading day, the price increased by as much as 150%, peaking at $1.52, leaving investors dazzled.
Today, Succinct has supported over 35 protocols, processed more than 5 million proofs, and has a total value locked (TVL) exceeding $4 billion, covering ecosystems like Polygon, Celestia, Mantle, and more.
Moving forward, as more ecosystem applications such as cross-chain bridges, DeFi rollups, and AI verifications are implemented, Succinct's role will only become more critical.
