In the cryptocurrency industry, security often determines how far a project can go. Because no matter how grand the narrative or how vibrant the ecosystem, if security is lacking, a single vulnerability is enough to destroy all trust. Succinct's approach in this regard is worth investors' close attention.
Before the mainnet launch, Succinct completed contract audits by two top auditing firms, OpenZeppelin and Zellic. This is not only a security verification at the code level but also a signal released to the outside world: the project team places great importance on risk control and is willing to constrain itself with the highest standards.
For investors, this has three implications:
Reduce black swan risk: Contract audits do not equate to absolute safety, but they can significantly reduce the probability of systemic vulnerabilities. For a network handling billions in TVL, this assurance is crucial.
Enhance market confidence: Endorsement by top auditing firms acts like a "safety certification," allowing more developers and funds to enter the ecosystem with peace of mind.
Implicit protection of token value: Security is the baseline for token value. Any security incident can lead to a collapse in token prices, and contract audits serve as a firewall at the foundational level.
I believe that security is not just a technical issue but also a part of investment logic. A project with high security is worth holding for the long term. Succinct's choice indicates its determination to "build large infrastructure": not rushing for short-term gains but prioritizing long-term stability.
In the ZK track, there are many competitors, but there are not many projects that can achieve advanced technology while placing a high emphasis on security. This is where Succinct's advantage lies. Security is the most inconspicuous yet the most solid moat.
