š What Is #Succinct?
Succinct is a next-gen Web3 infrastructure protocol focused on verifiable computation using zero-knowledge proofs (ZKPs). Itās built around a general-purpose zkVM that lets developers write provable programs in familiar languages like Rustāno need for niche ZK tooling. Think: plug-and-play cryptographic integrity for any dApp, rollup, or bridge.
Backed by Paradigm and integrated into Ethereum L2s, Succinct is turning ZK from niche to mainstream.
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š” Why It Matters
Succinct is solving the bottleneck of ZK scalability by decentralizing the proof generation layer. Instead of relying on centralized provers, it introduces a marketplace of proversāanyone can contribute compute and earn.
This is where $PROVE comes in.
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šŖ $PROVE Token Utility
is the native ERC-20 token powering the Succinct Prover Network (SPN). Itās not just a payment tokenāitās the backbone of the networkās security, incentives, and governance.
š§ Core Functions:
- Payments: Requesters pay for ZK proofs in $PROVE.
- Staking: Provers stake to participate in auctions and fulfill proof requests.
- Governance: Token holders vote on emissions, staking thresholds, and protocol upgrades.
š§ Incentive Design:
- Provers earn fees + emissions.
- Delegators can stake $PROVE to provers and earn a cut.
- Competitive pricing is encouraged via open auctions.
- Emissions are distributed pro-rata to stakers, creating a yield layer.
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š Tokenomics Snapshot (as of Aug 2025):
| Metric | Value |
|-------------------------|---------------------------|
| Price | ~$1.46 |
| Market Cap | ~$284M |
| Circulating Supply | ~200M |
| Max Supply | 1B |
| Exchanges | Binance, Bitget, Bitunix |
| 7-Day Performance | +28.5% |
