Succinct is preparing to launch on the main network and has unveiled its PROVE token.
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Succinct has opened access to its decentralized proof marketplace and released its native token. Among the first users are BNB stakers.
Succinct is launching its mainnet on August 6 between 1 PM and 3 PM EST. The Succinct Prover Network is an infrastructure system for working with zero-knowledge (ZK) proofs. At the same time, the PROVE token is being activated.
The network provides developers with tools to build ZK-proof-based applications without needing to deploy technical solutions themselves. The system allows developers to outsource proving tasks to a network of independent providers who compete to perform computations.
According to John Guibas, CTO of Succinct Labs, the goal of the project is to offer accessible proof infrastructure at internet scale. The team moved from idea to full-fledged mainnet in just eight months.
Succinct's architecture is based on offchain computation with onchain finalization. Users interact with external components, while final transaction settlement is confirmed on the Ethereum blockchain. This design resembles a Layer 2 structure and enables high throughput without compromising security.
The PROVE token plays a central role in the network’s economy. It is used to compensate providers and serves as a security mechanism. Holders of PROVE can participate in network governance, including decisions on fee structures, auction mechanics, and token supply.
The network already supports over 35 protocols, including Polygon, Mantle, Celestia, and Lido. It has processed more than 5 million proofs from 1,700 programs, with over $4.0 billion in secured assets.
In May 2025, Succinct introduced SP1 Hypercube, a next-generation zk-virtual machine optimized for real-time operation on Ethereum. In June, the project completed a pilot proving run on the World Chain mainnet, potentially enabling the L2 network to transition to a ZK-rollup architecture.
According to Cryptorank, Succinct Labs, the development team behind the project, raised $55.0 million in a Series A round led by Paradigm earlier in 2024.
Users who staked BNB on the Simple Earn and On-Chain Yields platforms between July 9 and 12, 2025, were allocated 1,5% of the total PROVE supply. A total of 1 billion tokens were created at genesis. The claim process is available at claim.succinct.foundation.
According to analysts, the token is already trading on DEXs at around $1.2.
Starting August 5, 2025, Binance will launch trading of the PROVE token in pairs with USDT, USDC, BNB, FDUSD, and TRY. Trading is scheduled to begin at 17:00 (UTC), with deposits available from 04:00 (UTC) the same day. The token will carry the Seed tag. Listings will also take place on BingX, KuCoin, MEXC, and Gate.
This post is for informational purposes only and does not constitute advertising or investment advice. Please conduct your own research before making any financial decisions.
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