Succinct is a decentralized prover network—often called the Succinct Prover Network—designed to make zero-knowledge proof (ZK proof) generation accessible, efficient, and decentralized. It serves as a two-sided marketplace that connects developers (requesters) with hardware operators (provers), streamlining the generation of verifiable computations for blockchain and beyond.
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Core Components
SP1 zkVM A high-performance zero-knowledge virtual machine (zkVM) that allows developers to write programs in familiar languages like Rust or C++. These programs are then executed and proven in a ZK context—no advanced cryptographic knowledge required.
Decentralized Prover Marketplace (“Proof Contests”) Provers stake the $PROVE token to compete in auctions, called proof contests, where they bet on delivering proofs at the lowest cost. Winning provers earn fees, while providing efficiency and scalability.
Here’s the Solayer logo to give some visual context as we explore what Solayer is all about.
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What Is Solayer?
1. Restaking Protocol on Solana
Solayer is a DeFi restaking protocol built on the Solana blockchain. It allows users to stake their SOL (or liquid staking tokens like sSOL) and restake to support decentralized applications (dApps). This improves network security and transaction throughput.
Through its Stake-Weighted Quality of Service (swQoS), dApps with higher stakes gain priority access to block space, enhancing performance and reducing latency.
2. Hardware-Accelerated Scaling: InfiniSVM
To overcome blockchain performance limits, Solayer introduces InfiniSVM, a hardware-accelerated Solana Virtual Machine (SVM) architecture. It utilizes technologies like FPGAs, smart NICs, InfiniBand, RDMA, and Software-Defined Networking to reach ⚡ up to 1,000,000 transactions per second (TPS) ⚡
This multi-executor, hardware-level design allows horizontal scaling and near-zero latency, enabling powerful performance suitable for high-demand use cases like gaming, DeFi, AI workloads, and real-time trading.
3. Multi-Token Ecosystem & DeFi Utilities
Solayer features a diverse token model:
sSOL: Liquid staking derivative issued when users re-stake SOL. It retains liquidity and can be used in DeFi.
sUSD: A yield-bearing stablecoin backed by T-bill yields on Solana.
LAYER: The protocol’s primary utility and governance token, used for governance, staking, and incentivizing contributions.
AVS tokens: Specialized tokens for dApps or services that offer yield and extraction of additional value (like MEV).
Integration with liquidity platforms like Kamino and Orca allows sSOL holders to generate additional yield through liquidity vaults or automated concentrated liquidity strategies.
4. Capital Efficiency, Cross-Chain, and Yield Boosts
Solayer boosts capital efficiency by blending yields from traditional staking, MEV strategies, and Actively Validated Services (AVS).
Notcoin is a tap-to-earn game hosted on the Telegram platform, leveraging a gamified mining mechanic where users earn virtual in-game coins by repeatedly tapping on a virtual coin within the app.
The project was officially launched on January 1, 2024, and quickly achieved viral status, amassing tens of millions of users within days thanks to Telegram’s broad user base.
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