#SuccincLabs @Succinct $PROVE

🌟 Why Succinct (PROVE) may become the next breakout point in the ZK track? Testing the disruptive potential of SP1 zkVM!

@Succinct #SuccinctLabs #ZKProof #Web3

Core Insights: Succinct is addressing the high barriers to entry for ZK technology through a decentralized prover network + SP1 zkVM toolchain. Its economic model design allows $PROVE to have a triple value loop of payment, staking, and governance.

🔍 Project Highlights Overview

1. Technical Breakthrough

◦ SP1 zkVM: A zero-knowledge proof development framework based on Rust, improving proof generation efficiency by 10 times, allowing developers to build ZK applications without needing to master cryptography.

◦ Prover Network: Ordinary people can contribute computing power to participate in proof generation (similar to a “ZK version of AWS”), already integrated with leading protocols such as Polygon and EigenLayer.

2. Economic Model Design

◦ Token Functions:

▪ ✅ Payment: The only token used for paying for ZK proof generation (e.g., $PROVE is paid when the Rollup chain needs to validate in batches).

▪ ✅ Staking: Provers need to stake $PROVE to participate in task auctions, and malicious behavior will result in the forfeiture of the staked amount.

▪ ✅ Governance: Holders vote to determine network fees, inflation rates, and other parameters.

◦ Reasonable Allocation:

Total supply of 1 billion tokens, with public incentives accounting for 25% (including 5% in the first round of airdrops), 25% dedicated to ecosystem development, avoiding excessive team shares (core contributors only 29.5%).

3. Market Heat Support

◦ Two rounds of financing totaling $55 million, led by Paradigm, with participation from EigenLayer founders and others.

◦ Mainnet launch imminent (Summer 2025), testnet participants can earn points, and airdrop activities continue to attract users.

• Developers: Try out the SP1 zkVM development tools to reduce the cost of building ZK applications (open-source code repository on GitHub).

Do you think $PROVE can break the monopoly of ZK Rollup (like zkSync)? Feel free to share your trading strategies.