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Succinct Labs: Over 4 Billion USD Locked & Turning Zero-Knowledge into a User-Friendly Tool
Zero-knowledge proofs (ZK) have long been considered a breakthrough technology in blockchain. However, in practice, ZK is often too complex to apply. Developers either have to "dive deep" into elliptic curve mathematics or spend months learning Circom. Succinct Labs has emerged to change that. 🔑 The unique point of Succinct Labs 1 SP1 zkVM – "Smart Kitchen" for ZK Instead of writing complex code to create proofs, with @SuccinctLabs, developers only need to write logic in Rust. The rest – proving, validating, and sending reliable results to the blockchain – will be handled automatically by Succinct. Fast speed, optimized performance. Friendly experience for developers. It's like going from pitching a tent outdoors → to renting an Airbnb: convenient, saves effort. 2 Superior speed Faster 4–28 times compared to traditional zkVMs. Save up to 100 times development time. Helps the dev team focus on the application instead of getting bogged down in infrastructure. 3 Decentralized Prover Networks Anyone in the world can participate in the prover network to create ZK proofs. Competition mechanism: whoever proves faster and at a lower cost will win. Rewarded with PROVE tokens. Ensures a transparent, efficient, and anti-monopoly system. 4 PROVE Token Not only is it a reward for the prover, $PROVE also plays the role of: Staking: network security. Governance: participate in deciding the direction of the protocol. Protocol adjustment: help the system adapt flexibly according to market needs. 📊 Real acceptance The mainnet is operational, processing over 5 million proofs. Trusted by many top projects like Polygon, Celestia, Lido. The value of locked assets (TVL) has surpassed the 4 billion USD mark. Successfully raised 43 million USD from the prestigious investment fund Paradigm. 🌍 The true meaning #SuccinctLabs is turning ZK technology – once regarded as "rocket science" – into a practical, user-friendly, and extremely effective tool. Developers only need to focus on application logic. The complex proof part is already handled by Succinct. This helps ZK no longer be a barrier but rather becomes a foundation to drive the robust development of Web3. ✨ Succinct Labs = Simple, fast Zero-Knowledge and practical applications.