Succinct (PROVE) Price

$1.12

Succinct (PROVE) Price Today

The live price of Succinct is 1.12 USD. In the past 24 hours, the trading volume of Succinct was 1.2B USD, up by 30.95%. The current price has decreased by 0% from its 7-day high of - USD, and increased by 0% from its 7-day low of - USD. With a circulating supply of 1,000,000,000.00 PROVE, the market cap of Succinct is currently 191.2M USD, down by 0% in the last 24 hours. Succinct currently ranks #189 by market capitalization among cryptocurrencies.

Succinct (PROVE) Market Data

Market Cap

$220.3M

24h Volume

$1.2B

Circulating Supply

195M PROVE

Maximum Supply

1B PROVE

Fully Diluted Market Cap

$1.1B

Liquidity Indicator

581.33%

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About Succinct (PROVE)

What Is Succinct (PROVE) and How Does It Work?

Succinct (PROVE) is the native utility token of the Succinct Prover Network, a decentralized network that generates zero-knowledge (ZK) proofs on demand. It enables developers, rollups, and applications to verify computation efficiently, without relying on centralized services.

The network works by allowing independent participants called provers to bid in auctions to produce cryptographic proofs for specific computational tasks. These proofs can verify anything from blockchain transactions to smart contract execution, ensuring trust and transparency without revealing underlying data.

The PROVE token is used to:

• Pay for proof generation services.

• Stake as a prover to participate in auctions.

• Reward provers who deliver valid and timely proofs.

Succinct is designed to make ZK proofs accessible to anyone, enabling scalable, private, and verifiable computation across Web3 applications. It supports major proving systems like Risc0 and SP1, and is currently operating in testnet, with plans to expand to mainnet in future phases.

When Did Succinct Network Launch?

Succinct Labs was founded in 2022 by Puma Theuma and John [Last Name] (often accompanied in public discussions by co‑founder Uma Roy), with the goal of democratizing access to zero‑knowledge proofs via a decentralized prover network. After operating in testnet capacity throughout 2024 and early 2025, the project officially launched its mainnet on August 5, 2025, marking the full rollout of the Succinct Prover Network and the PROVE token ecosystem.

Succinct Roadmap & Key Milestones

• 2022 – Succinct Labs founded; early research and development begins.

• 2024 – Public testnet accessible; network starts generating proofs; independent provers participate in auction-based proof construction.

• May 19, 2025 – Blog unveiling the Succinct architectural framework and PROVE token utility in advance of mainnet.

• August 5, 2025 – Mainnet officially launched, enabling real-world proof-generation and live PROVE token issuance.

• August 5, 2025 – PROVE token listing goes live on multiple exchanges, such as BingX, with full trading support.

What Is the PROVE Token Utility?

The PROVE token powers the Succinct Prover Network, a decentralized system that generates zero-knowledge proofs for blockchain and off-chain computation. It serves three primary functions:

• Payment: Clients use PROVE to pay for proof generation services.

• Staking: Provers must stake PROVE tokens to participate in proof auctions, ensuring commitment and network security.

• Incentives: Provers earn PROVE as rewards for generating valid, timely proofs.

By aligning incentives through staking and rewards, PROVE helps maintain trustless and efficient proof markets across decentralized applications and rollups.

You can easily buy or sell PROVE tokens on the BingX Spot Market by logging into your BingX account, navigating to the PROVE/USDT trading pair, and placing a market or limit order. Once the trade is filled, your updated PROVE balance will reflect in your BingX wallet instantly.

What Is Succinct Prover Network Tokenomics?

Succinct network has a fixed total supply of 1,000,000,000 PROVE tokens on the Ethereum blockchain (ERC‑20).

PROVE Token Allocation

• 25% (≈250M PROVE): Public allocation & future incentives, including user and community rewards

• 10% (≈100M PROVE): Airdrop reserved for early adopters and ecosystem participants

• Other categories (team, advisors, treasury, private rounds): Exact percentages not fully detailed in public sources but are expected to be governed by typical vesting schedules and network development plans.

How to Earn PROVE Tokens on Succinct Network

You can earn PROVE tokens by participating as a prover on the Succinct Prover Network, a decentralized marketplace for zero-knowledge proof generation. Here's how it works:

1. Become a Prover: Set up a prover node by following the Succinct documentation. Stake a minimum of 1,000 PROVE tokens to be eligible to join proof auctions.

2. Win Auctions for Proof Requests: The network uses sealed-bid auctions where multiple provers submit bids to generate a proof. If your bid is selected, you’re responsible for delivering the proof within a set time limit.

3. Get Paid in PROVE: Once your proof is verified and accepted, you receive a PROVE token reward based on your bid. Rewards are automatically distributed by the protocol, no manual claiming required.

What Blockchain Network Does Succinct Operate on?

The Succinct Prover Network operates on the Ethereum blockchain, with the PROVE token issued as an ERC-20 token. By leveraging Ethereum’s robust smart contract infrastructure, Succinct ensures secure, decentralized coordination of zero-knowledge proof auctions and prover rewards. The protocol itself is designed to be modular and prover-agnostic, meaning while its core economic logic is anchored on Ethereum, it can generate and verify proofs for applications across multiple blockchains. This multi-chain interoperability enables Succinct to serve rollups, L2s, and dApps on networks like Ethereum, Arbitrum, Optimism, and beyond.

How to Store PROVE Tokens Securely

The easiest and most convenient way to store your PROVE tokens is directly on BingX. When you buy or trade PROVE on the BingX Spot Market, your tokens are automatically stored in your BingX wallet with secure custodial protection. BingX employs industry-standard security features, including multi-signature cold storage, real-time monitoring, and two-factor authentication (2FA), making it a reliable choice for active traders or users looking for a seamless exchange-to-wallet experience. You can access, manage, or sell your PROVE holdings anytime without needing a separate wallet setup.

Alternatively, if you prefer self-custody, you can store PROVE tokens in any ERC-20 compatible wallet. This includes popular non-custodial wallets like MetaMask, Trust Wallet, Base App, and hardware wallets like Ledger or Trezor. To do this, simply copy your Ethereum wallet address and transfer PROVE tokens from BingX or another exchange to your wallet. Always make sure to double-check the network (Ethereum) and wallet compatibility before sending. For long-term holders, hardware wallets offer enhanced offline protection against hacks and phishing attacks.

Is Succinct (PROVE) a Good Investment?

The PROVE token underpins the Succinct Prover Network, a decentralized infrastructure designed to meet growing demand for scalable, verifiable zero-knowledge proofs across Web3. As adoption expands, especially by rollups, layer 2s, and privacy-focused applications, utility increases, enhancing PROVE’s value potential through usage-based demand and staking incentives.

Moreover, the project is backed by top-tier investors and industry support, including Paradigm, and has launched a dedicated foundation to fund innovation, ZK research, and community growth, creating structural momentum for long-term network and token appreciation.

Succinct (PROVE) Price Converter

PROVE to USD

1 PROVE = $ 1.12

PROVE to VND

1 PROVE = ₫ 29,644.74

PROVE to EUR

1 PROVE = € 0.97

PROVE to TWD

1 PROVE = NT$ 33.80

PROVE to IDR

1 PROVE = Rp 18,468.89

PROVE to PLN

1 PROVE = zł 4.15

PROVE to UZS

1 PROVE = so'm 14,181.11

PROVE to JPY

1 PROVE = ￥ 166.49

PROVE to RUB

1 PROVE = ₽ 90.39

PROVE to TRY

1 PROVE = ₺ 45.94

PROVE to THB

1 PROVE = ฿ 36.54

PROVE to UAH

1 PROVE = ₴ 47.00

PROVE to SAR

1 PROVE = ر.س 4.24

Succinct Price Converter

How to Buy Succinct (PROVE)

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Now that your account is funded, you can seamlessly trade Succinct PROVE and other cryptocurrencies while exploring BingX’s diverse trading features!

How to Buy PROVE Guide

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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