📊 $PROVE Token Update❗

The PROVE token price depends on ZK technology adoption, staking participation, and token unlocks.

Key Highlights:

â–Ș Mainnet Adoption: Over 5 million proofs processed on the Succinct network are driving PROVE demand. Continued adoption could follow a growth trajectory similar to Chainlink.

â–Ș Staking Participation: Only 0.68% of the supply is staked. Increased participation could lock ~$23M in tokens, creating a deflationary effect.

â–Ș Token Supply Dynamics: 50M airdrop tokens remain unclaimed, posing short-term selling pressure. Long-term, 80.5% of the supply is locked, which could risk inflation if usage doesn’t grow.

⚡ Summary:

â–Ș Listing volatility has been observed, but network usage and staking growth create structural demand for PROVE.

â–Ș The key factor: increase in staked supply.

â–Ș Will Provers prioritize earning fees over short-term selling?

@Succinct #SuccinctLabs