Pioneer of ZK Technology Implementation: How Succinct Reconstructs Blockchain Efficiency with SP1
While most zero-knowledge proof projects are still refining their technology in laboratories, @Succinct has demonstrated its strength with solid data—supporting over 35 protocols, processing over 5 million proofs, and securing $4 billion in value. #Succinct is using a decentralized prover network and the SP1 protocol to turn zero-knowledge technology from a concept into an accessible tool.
The core breakthrough lies in achieving both 'universality and efficiency': the SP1 zkVM allows developers to write zero-knowledge applications using familiar Rust code, without delving into complex cryptography. After integration with a certain L2 project, development efficiency increased threefold. The decentralized prover network acts like a globally distributed 'computing factory', where provers stake $PROVE to bid for tasks, ensuring decentralized security while driving down generation costs through competition. After its adoption by a certain DeFi protocol, proof costs were reduced by 60%. This 'technological inclusiveness' has led leading projects like Polygon and Mantle to collaborate, creating an ecosystem driven by genuine demand.
PROVE, as the ecological hub, has functions far beyond a typical token: proof generation fees must be paid with PROVE, and staking $PROVE can enable participation in governance as a node. Holders will also be able to vote on the fee structure in the future. Although there was a 50% fluctuation in the initial TGE due to profit-taking from airdrops, it rebounded by 150% to $1.52 the next day, with ample liquidity provided by multiple exchanges including Binance and Coinbase, particularly with Upbit's KRW trading pair opening up incremental growth in the #korean market. The recent launch of the SP1-CC feature by @Succinct further empowers EVM contracts with off-chain computing 'superpowers', broadening application scenarios.
#Succinct is becoming an infrastructure-level player in the ZK domain. As the network supported by $PROVE continues to serve more protocols, the large-scale application of zero-knowledge proofs is no longer distant. @Succinct proves with its technical strength that true innovation has never been a concept on a PPT but rather the practical solution to industry pain points.
