Imagine a world: verifying transactions in a 'transparent yet uninspectable' way — this is the world of Succinct.
The real challenge of Zero-Knowledge Proof has always been the complexity of the tools, and Succinct's mission is to simplify all of this. As early as 2024, Succinct raised $43 million in funding led by Paradigm, aiming to enable developers to use ZK in familiar languages without needing to master complex cryptographic knowledge.
Technically, Succinct has built a layered system: off-chain responsible for auction matching, on-chain responsible for settlement and verification. This vApp model balances efficiency and credibility, integrating the Web2 experience into Web3 security.
The PROVE token not only has payment functions but also secures network safety through staking, with governance parameters evolving in a timely manner. In terms of token distribution, of the total supply of 1 billion tokens, the airdrop share is 5%, the foundation holds 25%, ecological development 25%, investors 10.5%, and contributors nearly 29.5%. Both investors and contributors have a 1-year lock-up on their tokens, which will then be gradually released over 4 years.
Market performance reflects strong market recognition: on its first day of listing, PROVE rose over 50% on Bitget, and subsequently increased on multiple exchanges, reaching daily trading volumes of hundreds of millions of dollars.
Currently, Succinct has been widely integrated into protocols such as Polygon, Celestia, Lido, and Mantle, supporting millions of proof requests and validating the productive value of its technology.
Looking ahead, Succinct is expected to become the core of Web3 verification infrastructure, reshaping industry standards for trustworthy data processing in a cryptographically verifiable yet efficiently transparent manner.
