Succinct’s SP1: Rust-powered ZK proofs meets decentralized Prover Economy
Succinct is redefining zero-knowledge proof developer experience with its SP1 zkVM, a RISC-V–based virtual machine that lets you write verifiable programs in familiar languages like Rust, without wrestling with cryptography. The result? Up to 28× faster proofs, Ethereum block verification in under 40 seconds, and substantially lower gas costs.
But the real power lies in its Decentralized Prover Network—a global, open computing marketplace where provers stake PROVE tokens, compete via off-chain auctions to generate proofs, and earn fees upon Ethereum settlement. It aligns incentives while scaling verifiable computation.
Token dynamics:
PROVE has a capped 1 billion supply, with roughly 195 million currently unlocked (~19.5%), and the rest vesting via cliff schedules through 2030.
Here’s the kicker: Succinct isn’t just an infrastructure provider—it’s building a Verifiable Compute Market. By lowering barriers (Rust-first) and tokenizing prover incentives, it’s positioning PROVE as the fundamental settlement layer for on-chain proof services.
