Succinct officially launched its decentralized prover network on Ethereum, activating the PROVE token as the backbone of its zero-knowledge (ZK) infrastructure.
Supports over 35 major protocols including Polygon, Mantle, Celestia, and Lido
Over 5 million proofs fulfilled from 1,700 unique programs
Secured $4B+ in value across its network
Current Price: ~$1.50
Purpose:
Pays provers for generating ZK proofs
Secures the network
Powers governance decisions (e.g., emissions, auction design)
Marketplace Model: Apps submit proof requests; independent provers compete to fulfill them
After its Binance listing, PROVE dropped over 40%, hitting ~$0.63 before rebounding
to ~$0.80
Airdrop backlash:
Many testnet users were excluded
Badge holders and Binance Alpha users received larger allocations
Unclaimed tokens redirected to staking incentives
SP1 zkVM: High-performance zero-knowledge virtual machine built in Rust
SP1-Contract-Call (SP1-CC): A ZK coprocessor to enhance Ethereum programmability
Recursive zk-SNARKs: Enables scalable, compressed proofs for efficient verification
âOur goal from the start was to make proving infrastructure accessible at internet scale.â
John Guibas, CTO of Succinct Labs
Succinct is positioning ZK proofs as the standard for cryptoâs integration with the broader internet, enabling trustless computation for AI, trading, and cross-chain apps.
