Succinct's PROVE token jumps 27% after major exchange listings and mainnet launch

Succinct’s native token, PROVE, surged 27% in the last 24 hours, outpacing most other cryptocurrencies and capturing attention in the fast-moving crypto market [1]. This sharp increase followed a series of high-profile listings on major exchanges, including Coinbase, Binance, and Upbit. The listings, announced in quick succession, significantly boosted the token’s visibility and trading activity, with the asset’s daily trading volume hitting $1.2 billion [1].

The rally coincided with the launch of Succinct’s mainnet on August 6, marking a pivotal milestone for the decentralized zero-knowledge (ZK) proof protocol. The mainnet rollout enabled broader access to Succinct’s infrastructure and prover network, a key step in scaling ZK technology for real-world applications. According to the company, it has already secured partnerships with over 35 clients—including Polygon and Celestia—collectively representing more than $4 billion in total value locked (TVL) [1].

Succinct CTO John Guibas highlighted the team’s long-term vision for making ZK proving more accessible and cost-effective. He emphasized that the protocol’s advancements could drive widespread adoption across the crypto infrastructure sector, reducing costs by an estimated 10–100 times. Guibas also noted collaboration with hardware teams and provers to accelerate this progress [1].

The involvement of leading exchanges has amplified PROVE’s appeal. Binance, which handles 25.75% of PROVE’s trading volume, launched an airdrop campaign to encourage user engagement. Meanwhile, Coinbase and Upbit have enabled access for investors in key markets like the U.S. and South Korea. Upbit, in particular, has contributed $187 million in volume and hinted at expanding trading pairs to enhance liquidity [1].

Technical indicators suggest optimism about PROVE’s near-term trajectory. The token has formed an ascending triangle pattern, a bullish formation that often precedes upward movement. Analysts are now watching two key price targets: $1.50 and $1.925. Whether these levels are reached will depend on the ability of the market to maintain current momentum and sustain buying pressure [1].

Succinct’s progress reflects growing interest in ZK solutions, as the technology is increasingly seen as a foundational component for scalable and privacy-preserving blockchain systems. With major exchanges on board and a clear roadmap for expansion, the project appears well-positioned to capture a significant share of the ZK market in the months ahead [1].

Source: [1] Succinct (PROVE) Leads Crypto Market Gains Following Major Listings on Coinbase, Binance, Upbit, Others (https://coinmarketcap.com/community/articles/689360e397a6d14cbbcf57d9/)