Succinct launched its decentralized prover network mainnet on August 5, 2025, activating the PROVE token which surged to $1.50 following an airdrop and listings on Binance and Upbit. The network establishes a two-sided Ethereum marketplace where applications submit zero-knowledge proof requests and independent provers compete to fulfill them, eliminating custom infrastructure needs for developers.
Over 35 protocols including Polygon, Mantle, Celestia, and Lido currently use the network, which has processed 5+ million proofs and secured $4 billion in value. Succinct CTO John Guibas highlighted the eight-month development timeline as evidence of focused engineering, while CEO Uma Roy positioned the platform to support verifiable computation applications through simple API integration.
Despite significant adoption, testnet participants expressed frustration over exclusion from the airdrop distribution, with unclaimed tokens redirected to staking incentives. Technical analysis indicates potential upside to $1.56 if the current symmetrical triangle pattern breaks upward, though failure could see retracement to $1.20.