Succinct (PROVE): Decentralized Zero-Knowledge Proof Infrastructure
Succinct is building a decentralized prover network that enables anyone to build blockchain applications and infrastructure secured by cryptographic facts rather than trust. Founded in 2022 in San Francisco with $55 million raised from Paradigm, Robot Ventures, and Bankless Ventures, the platform provides highly available proof generation infrastructure for rollups, coprocessors, and other applications using zero-knowledge proofs. PROVE will soon be available on Bitget!
What is Succinct (PROVE)?
Succinct offers a platform focused on zero-knowledge proofs, allowing users to generate proofs locally or utilize their prover network called SP1 for high performance. The platform operates a decentralized Prover Network - a two-sided marketplace where anyone can request proofs for software verification, and hardware operators can become provers to earn rewards.
Succinct addresses scalability, privacy, and verification challenges in blockchain applications by making zero-knowledge proof creation and verification efficient and accessible. The SP1 zkVM enables developers to write code in standard programming languages like Rust and generate zero-knowledge proofs automatically.
Core Innovation: Succinct unifies the proof supply chain, providing highly available proof generation infrastructure and competitive pricing for rollups, coprocessors, and other applications using zero-knowledge proofs, without requiring developers to have cryptography expertise.
Who Created Succinct (PROVE)?
Succinct was co-founded in 2022 by Uma Roy and John Guibas, bringing expertise from cryptography, systems, and blockchain development.
Key Team Members:
● Uma Roy (Co-founder & CEO): Background in mathematics and computer science with research at MIT and roles at Google Brain, Citadel, D.E. Shaw, and Gantry. Featured in Forbes 30 Under 30 for her work in blockchain and cryptography, focused on making zero-knowledge proofs accessible to developers.
● John Guibas (Co-founder): Focused on building proof-based systems and advancing protocol infrastructure for scalable zero-knowledge proofs within the blockchain ecosystem.
● Kshitij Kulkarni (Head of Protocol Research): Develops core architecture and cryptographic protocols behind Succinct.
● Matt Stam (Founding Engineer): Contributing to initial technical foundation and development.
The team consists of 33 members across development, business development, and marketing, mostly based in the United States. Team members bring experience from MIT, Google Brain, and leading hedge funds in cryptographic research and distributed computing.
What VCs Back Succinct (PROVE)?
Succinct has raised $55 million across multiple rounds from top-tier venture capitalists.
Funding Breakdown:
● Seed Round (January 2023): $12 million, $200 million valuation, led by Paradigm
● Series A (March 2024): $43 million, $937.5 million valuation, led by Paradigm
Major Venture Capital Backers:
● Paradigm (Lead investor in both rounds)
● Robot Ventures
● Standard Crypto
● Bankless Ventures
● Geometry
● ZK Validator
● Gnosis VC
Notable Angel Investors:
● Sandeep Nailwal (Polygon co-founder)
● Elad Gil
● Sreeram Kannan (EigenLayer)
● Daniel Lubarov (Polygon Zero)
● John Adler
● Tarun Chitra
● Jacob Arluck (Celestia)
How Succinct (PROVE) Works
Succinct operates through core technologies that make zero-knowledge proof generation accessible and scalable:
SP1 zkVM and Prover Network
SP1 is an open-source, high-performance virtual machine that converts standard Rust or C++ code into zero-knowledge proofs. The decentralized network operates as a competitive marketplace where proof requests are matched to specialized "provers" who generate proofs for any software task. Multiple provers compete to fulfill requests, driving efficiency and cost reduction while maintaining decentralization.
OP Succinct Technology
OP Succinct enables chains to upgrade from optimistic to ZK validity rollups with minimal code changes. This technology replaces slow fraud-proof windows with immediate ZK proof-based security and faster withdrawal times.
Cross-Chain Verification
SP1 proofs can be verified across Ethereum, Solana, Layer 2s, web browsers, and mobile platforms, enabling trustless infrastructure for cross-chain messaging, data bridges, and oracles.
You can access the platform at succinct.xyz with comprehensive documentation available at docs.succinct.xyz.
Succinct Token (PROVE) and Economics
The PROVE token serves as the native utility and governance token powering the Succinct Prover Network.
Token Details
● Token Name: PROVE
● Token Symbol: PROVE
● Total Supply: 1,000,000,000 tokens (1 billion)
● Blockchain Deployment: ERC-20 on Ethereum
● Contract Address: 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29
● Initial Circulating Supply: 20% (200 million tokens)
Source - WHALESPro
Token Distribution
● Core Contributors: 29.46% (0% at TGE, 12-month cliff, 48-month linear vesting)
● Ecosystem & R&D: 25.00% (0% at TGE, 12-month cliff, 36-month vesting)
● Incentives: 15.00% (33.33% at TGE, 12-month cliff, 36-month vesting)
● Investors: 10.54% (0% at TGE, 12-month cliff, 48-month linear vesting)
● Foundation: 10.00% (50% at TGE, 12-month cliff, 36-month vesting)
● Initial Launch: 10.00% (100% at TGE)
Token Utilities
● Payments: Compensate provers for generating zero-knowledge proofs
● Staking: Provers must stake PROVE to participate in proof requests, securing the network
● Governance: Token holders propose and vote on protocol upgrades and network parameters
● Network Security: Support distributed proof generation infrastructure
● Delegation: Stake with provers to earn rewards and help secure the network
Potential Token Holders
● Airdrop Allocation: 3%-5% of total supply planned for airdrops
● Target Recipients: Testnet users, developers, and other Layer 2 addresses
● Community Size: 242K Twitter followers, 196K+ Discord members with over 1,000 daily active conversations
Why Succinct?
Traditional zero-knowledge proof systems face barriers around accessibility, cost, and technical complexity. Succinct addresses these challenges:
Experienced Leadership: Founded by Uma Roy (Forbes 30 Under 30, MIT/Google Brain background) and John Guibas, with team expertise from MIT, Google Brain, and leading hedge funds.
Strong VC Backing: $55 million raised from Paradigm across multiple rounds, with Paradigm's history of backing successful projects like dYdX, Optimism, Blur, and Blast.
Active Community: 242K Twitter followers and 196K+ Discord members with over 1,000 daily active conversations, demonstrating strong developer and user engagement.
Developer Accessibility: SP1 zkVM enables developers to use familiar programming languages (Rust, C++) without cryptography expertise, lowering barriers to ZK adoption.
Live Infrastructure: Platform adopted by projects including Celestia, Wormhole, Lido, Avail, Near, and Gnosis, demonstrating real-world utility.
Strategic Partnerships: Integrations with Polygon, Mantle, Wormhole, Avail, and other major blockchain projects show ecosystem adoption.
Global Reach: Website traffic from diverse regions including Indonesia (27%), Turkey (16%), Korea (11%), and Ukraine (10%), indicating international adoption.
Succinct democratizes zero-knowledge proof technology through accessible developer tools, decentralized infrastructure, and active community engagement across leading blockchain projects.
PROVE Goes Live on Bitget
We are thrilled to announce that Succinct (PROVE) is listed in the Innovation Zone. Check out the details below:
Trading Available: 5 August 2025, 17:00 (UTC)
Withdrawal Available: 6 August 2025, 18:00 (UTC)
Trade PROVE/USDT on Bitget!
Contract Address (Ethereum): 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29
Community Links: Website | Twitter | Discord | Documentation
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
