PROVE (Succinct) rose 7.37% in the last 24 hours

Gate News Bot news, August 11, according to CoinMarketCap data, as of the time of writing, PROVE (Succinct) is currently priced at $1.47, with a 24-hour pump of 7.37%, reaching a high of $1.59 and a low of $0.58. The current market capitalization is approximately $287 million, an increase of $19.7 million compared to yesterday.

Succinct is a decentralized prover network dedicated to making zero-knowledge technology simple and user-friendly. The project has generated over 5 million proofs and established partnerships with more than 35 partners, protecting a total locked value of over 4 billion USD. Succinct provides infrastructure such as SP1 (the world's fastest RISC-V zkVM) and Prover Network (a decentralized network that provides computation and earns rewards), supporting developers in writing, generating, and verifying zero-knowledge proofs using Rust. Succinct can be applied in various fields including zkEVM, Rollups, co-processors, identity verification, machine learning, and interoperability.

PROVE Recent Important News:

1️⃣ Gate globally launches multiple trading features for PROVE

Gate will globally launch the spot trading of Succinct(PROVE) on August 6, 2025, with the trading pair PROVE/USDT. At the same time, perpetual contract trading for PROVE, unified account lending, isolated margin trading, Yubi Treasure wealth management, flexible collateral loans, and fixed collateral loans will also be introduced. These diversified trading and financial tools bring more trading opportunities and investment options for PROVE, helping to enhance its liquidity and market attention.

2️⃣ PROVE has shown strong price performance after its launch.

PROVE performed strongly after being listed on Gate, with a short-term peak rise of 60.07%. The price once reached a high of 1.3185 USDT, reflecting the market's high attention and positive expectations for the Succinct project. However, the price also experienced significant fluctuations, reaching a maximum of 1.54 USD and a minimum drop to 0.58 USD within 24 hours, demonstrating the high volatility characteristic of newly listed tokens.

3️⃣ Flow Traders provides market making services for PROVE

The well-known market maker Flow Traders has received 2.5 million PROVE from the project address, accounting for 1.28% of the total circulating tokens. These tokens have been allocated to several major trading platforms, including Gate. The addition of Flow Traders is expected to enhance the market liquidity of PROVE and provide traders with a better trading environment.

From a technical perspective, the price trend of PROVE shows strong rising momentum, but it is also accompanied by significant volatility. On the fundamental side, Succinct, as a decentralized prover network dedicated to simplifying the application of zero-knowledge technology, demonstrates certain potential in the blockchain infrastructure field. The project has generated over 5 million proofs and has established partnerships with more than 35 partners, showing a certain level of market recognition and application prospects.

This message is not intended as investment advice; investors should be aware of market volatility risks.