Succinct Labs is building a decentralized prover network that makes zero-knowledge (ZK) proofs accessible and scalable for developers. At the heart of this ecosystem is the $PROVE token, which powers payments, staking, and incentives across the network.
Key Features
Decentralized Prover Network: A distributed network generates ZK proofs for applications, rollups, and base-layer blockchains.
$PROVE Token Utility: Used to pay for proof generation, stake for network participation, and reward contributors.
Scalable & Secure: Ensures verifiable computations without revealing sensitive data, enabling trustless and private interactions.
Ecosystem Partnerships: Collaborations with blockchain projects accelerate adoption of ZK proof technology.
Tokenomics
Total Supply: 1,000,000,000 $PROVE
Circulating Supply: ~195,000,000 $PROVE
Market Cap: ~$210M
Why It Matters
Succinct Labs is unlocking the power of zero-knowledge proofs, allowing developers to build private, scalable, and verifiable applications. Prove is central to incentivizing a decentralized network of provers, making ZK technology practical and usable in real-world scenarios.
Looking Ahead
With ongoing mainnet development and strategic partnerships, Succinct Labs is positioned to become a foundational protocol for privacy-preserving and scalable Web3 applications.