@Succinct Succinct, as an innovator in the field of zero-knowledge proofs (ZK), has built a unique ecosystem with its decentralized prover network (Succinct Prover Network, SPN) and native token $PROVE. The project was founded in 2022 by MIT alumnus Uma Roy and Stanford graduate John Guibas. As of August 2025, it has completed $55 million in funding and successfully launched on Binance on August 5, with a current market value of approximately $302 million, demonstrating strong potential in the ZK infrastructure sector.

The total supply of $PROVE is 1 billion tokens, with 195 million in circulation, and the allocation covers various aspects including team (29.5%), public allocation and incentives (25.0%), etc. Currently, only 7.5% of the tokens are unlocked, with approximately 200 million tokens (51% of the issued supply at that time) set to unlock in August 2026, posing a risk of selling pressure.

In SPN, $PROVE serves three roles: as a payment token, for staking collateral, and for governance weight, with its value directly related to network usage. The project has raised $55 million in Series A funding, led by Paradigm, with participation from several institutions and leading project team members.

#succinct_labs , with a clear technical positioning and ecological design, occupies a key position in the rapidly expanding ZK market. Its token model and network functionality are deeply integrated, providing investors with a traceable value assessment framework.

#SuccinctLabs @Succinct $PROVE