PROVE – The Missing Piece in the Zero-Knowledge Race on Ethereum

Succinct Labs is advancing a zero-knowledge infrastructure ( with the upcoming launch of the PROVE token for a decentralized proofer network. Built on Ethereum, this network will function as a marketplace connecting proof requesters with proofer, creating an infrastructure capable of scalability and high performance for blockchain verification and beyond. Users can interact with off-chain services while Ethereum executes the final settlement. As ZK technology gains more attention, Succinct positions itself as a foundational layer for applications connecting bridges, AI, and verification. With a dual focus on scalability and decentralization, this protocol aims to redefine how proofs are created, validated, and monetized in Web3 environments. PROVE Token: The backbone of Succinct's incentive economy Succinct Labs has confirmed the launch of the PROVE token for a decentralized proofer network, serving as the native asset supporting its proof creation market. This token enables payments, incentivizes proofer, and secures the network through staking )staking(. Users pay proofer with PROVE, while proofer must stake this token as collateral, adding an extra layer of security to the network. If proofer underperforms or acts maliciously, their staked amount may be reduced. This token also introduces an on-chain governance mechanism. Token holders can vote on important parameters of the network such as the emission schedule, auction format, and fee structure. This governance mechanism ensures that the network develops transparently based on the community. By combining economic incentives with decentralized oversight, Succinct fosters an efficient and trustless environment. With broad utility, PROVE aligns economic interests with the growth of the network, positioning this asset as a key factor for the ZK-proof ecosystem. Layer 2 inspired architecture with the changes of ZK The proof network ) provider network ( of Succinct follows a design similar to layer 2 systems. It separates execution from payment to enhance performance. Off-chain components handle real-time interactions between the prover and the requester, while on-chain payments on Ethereum ensure finality and security. This hybrid design allows for independent verification of all proofs posted on Ethereum. Succinct believes that this approach strikes a balance between speed and reliability, providing developers with the best benefits in terms of both scalability and security. This novel framework supports a variety of applications, from cross-chain bridges to verifiable AI. As the demand for scalable ZK systems increases, the PROVE token for the decentralized proof network becomes central to coordinating incentives and governance in this high-throughput ecosystem. Succinct is moving towards Testnet Phase 2.5 with Mainnet in sight. Currently, @SuccinctLabs is operating its )prover network( in Phase 2 of the test network, with Phase 2.5 set to launch soon. This incremental release lays the groundwork for the full deployment of the main network. Developers have been and are testing real-world use cases and experimenting with incentive mechanisms using economic simulations. Supported by strong investor confidence, Succinct Labs has raised $55 million in a Series A funding round led by Paradigm in 2024. This funding aims to scale the development of the core protocol, ecosystem tools, and partnerships, ensuring the protocol operates robustly upon launch. These milestones highlight the strong momentum behind Succinct's resilient ZK infrastructure. What's next: From Testnet to reliable ZK infrastructure #Succinct is preparing to transition from testnet 2.5 to mainnet, focusing heavily on performance and decentralization. Upon launch, the PROVE token for the decentralized proofer network will officially go live, activating key functions such as staking, payments, and governance. This marks a significant step forward in zero-knowledge infrastructure, supporting scalable and verifiable applications. As the demand for fast and secure proof systems increases across Ethereum-based protocols, the Succinct network is poised to become the foundational layer for generating proofs, with $PROVE playing a central role in coordinating the network. #SuccinctLabs