Succinct Proof ($PROVE) Token: A Potential Project in the Zero-Knowledge Proof Track

As blockchain technology evolves, Zero-Knowledge Proof (ZKP) has become a core technology for privacy and scalability. Projects like zkSync, StarkNet, and Scroll rely on ZKP to achieve efficient Layer 2 solutions, while the Succinct Proof ($PROVE) project focuses on Succinct Proof, aiming to lower the development and usage barriers of ZKP and become a key player in ZKP infrastructure.

1. Core Value and Advantages of PROVE

### **(1) Leading Technology, Lowering ZKP Development Barriers**

- **SP1 zkVM**: Supports automatic generation of ZK proofs from Rust/C++ code, significantly reducing development difficulty.

- **Decentralized Proof Network**: Over 5 million proofs generated, collaborating with 35+ protocols, with a TVL exceeding $4 billion.

- **Cross-Chain Compatibility**: Supports Ethereum, Solana, Layer 2, etc., suitable for cross-chain bridges and DeFi applications.

### **(2) Institutional Endorsement and Financial Support**

- **Raised $55 million** led by Paradigm, with a valuation of $937.5 million.

- **Wall Street Funds Entering**: 6 institutions purchased 83 million PROVE (accounting for 15% of circulation).

### **(3) Token Economics and Demand-Driven**

- **Total Supply of 1 Billion Tokens**, initial circulation of 20% (200 million), 65% of tokens locked for 12 months, reducing short-term selling pressure.

- **Staking Incentives**: Institutions and large holders lock up (e.g., one address staked 2 million tokens, with a floating profit of $870,000), reducing market circulation.@Succinct #prove