TL;DR
- Idea: A decentralized marketplace for zero-knowledge proof generation, enabling scalable proof services for rollups, bridges, AI verification, and privacy-preserving applications.
- Catalyst: Trending among CoinGecko users in the last 72 hours due to integrations with major L2 projects and recent network upgrades.
- Risks: High volatility and low liquidity compared to major assets; reliance on continued ZK adoption; token unlock schedules may pressure price.
- Score: 7.00/ 10
Coin
- Name/ Ticker: Succinct (PROVE)
- Segment: Zero-Knowledge Infrastructure
- Status: Active
- Price: $0.326300
Key Metrics
- Market Cap: $64
- FDV: $326
- Circulating Supply: 195 000 000
- Total Supply: 1 000 000 000
Sources
Technology
- USP: Decentralized proof network offering plug-and-play ZK proof generation as a service.
- Core Technology: Succinct Prover Network leveraging zk-SNARKs optimized for batch verification and native integration with EVM-based rollups.
Roadmap
- 2025-07-25: Succinct Foundation established
- 2025-08-05: Mainnet launch of Succinct Prover Network
- 2025-08-26: Strategic partnership with Offchain Labs’ Tandem for Arbitrum ZK proving
Team & Investors
Team
- Co-Founder & CEO — Uma Roy: AI research at Google Brain; MIT double major in mathematics & computer science
- Co-Founder & CTO — John Guibas: 8 years in cryptography research and zk-SNARK engineering at Stanford DAWN Lab and NVIDIA
- Founding Engineer — Ratan Kaliani: Early protocol development and infrastructure engineering for ZK systems
- Head of Operations — Eli Yang: Operational leadership in blockchain infrastructure startups
- Head of Marketing — Dan Hennessy: Marketing strategy and growth for Web3 protocols
Investors
- Paradigm — Series A • 2024-03-22 • $55.00M
- Robot Ventures — Series A • 2024-03-22
- Bankless Ventures — Series A • 2024-03-22
- Geometry — Series A • 2024-03-22
- ZK Validator — Series A • 2024-03-22
Total funding: $67.00M
Tokenomics
- Utility: Used to pay provers for proof generation, stake to secure the network, and participate in on-chain governance.
- Vesting: Linear vesting over 24–36 months with a community allocation cliff.
- Next Unlock: (23.32% of circulating)
Pros & Cons
Strengths
- Decentralized ZK proof marketplace
- Native EVM compatibility
- Integrated with leading L2s (Polygon, Mantle, Celestia)
- Proven mainnet performance with over five million proofs
- Backed by top-tier investors
Weaknesses
- Low token liquidity
- Scheduled token unlocks may cause dilution
- Dependence on widespread ZK adoption
- Competition from other ZK infrastructure providers
- Complexity barrier for non-technical developers
Market Signals (7d)
- CEX volume trend: decreasing
Price Scenarios (target: 2026-08-18)
- Bear: $0.200000 — Assumes 40% drawdown from current price based on recent trading lows
- Base: $0.330000 — Maintains current price level reflecting stable adoption and trading activity
- Bull: $0.500000 — Projects 50% price appreciation aligned with ZK adoption and network growth
How to Buy & Store
CEX
- Binance
- Kraken
- Gate.io
- BitMart
- KuCoin
DEX
- Uniswap V3
- SushiSwap
- 1inch
- Curve
- Balancer
Storage
- Ledger Nano S/X
- Trezor Model T
- MetaMask
- WalletConnect
- Gnosis Safe
Verdict
Succinct’s robust decentralized ZK infrastructure positions it well to capitalize on the growing demand for verifiable computation, though token economics and competitive landscape present risks. Overall, strong buy.
Official Links
Source: Coin Research (internal)
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