The charm of ZKProofs lies in the fact that you can prove something happened without revealing so many details. Succinct is making this ability accessible—through an open-source zkVM called SP1, it empowers developers to easily generate zero-knowledge proofs using Rust, greatly lowering the barrier to entry.
In this new architecture, Succinct adopts the vApp (verifiable application) paradigm: off-chain coordination requests and bidding, while on-chain it conducts state settlement and reporting, enhancing performance while ensuring transparency and security.
Meanwhile, PROVE is the key component of the entire system: an ERC-20 token with a fixed supply of 1 billion, fulfilling three main functions: payment, staking, and governance. Its staking mechanism allows any user to participate or delegate, providing security to the network and enabling proportional sharing of profits (network fees and inflation emissions).
Within just a few days of the mainnet launch, PROVE was listed on mainstream exchanges, with both price and trading volume skyrocketing. Daily increases exceeded 27%, with average daily trading volume surpassing $10 billion, highlighting the market's demand for ZK infrastructure.
Industry perspectives have also provided positive evaluations: the number of proofs handled by Succinct, its partner ecosystem, and technical framework demonstrate its strong potential. In the future, its technology can be widely applied in cross-chain bridging, DeFi rollups, trusted computing, AI verification, and even modular development in Web3.