PROVE (Succinct) rose 11.70% in the last 24 hours.

Gate News Bot news, on August 12, according to CoinMarketCap data, as of the time of writing, PROVE (Succinct) is currently priced at $1.61, with an 11.70% rise in the last 24 hours, reaching a high of $1.72 and a low of $0.58, with a 24-hour volume of $684 million. The current market capitalization is approximately $314 million, an increase of $32.9 million compared to yesterday.

Succinct is a decentralized prover network designed to make zero-knowledge proof technology easy to use. The project has generated over 5 million proofs and established relationships with over 35 partners, securing a total value locked of over $4 billion (TVL). Succinct provides infrastructure such as SP1 (the world's fastest RISC-V zkVM) and prover network, supporting developers to write, prove, and verify zero-knowledge applications using the Rust language.

Recent important news about PROVE:

1️⃣ Gate launches PROVE's multiple trading features globally Gate will globally launch Succinct(PROVE) spot trading on August 6, 2025, with the trading pair PROVE/USDT. At the same time, it has introduced perpetual contract trading for PROVE, unified account lending, isolated margin trading, Yubibao wealth management, flexible collateralized lending, and fixed-term collateralized lending among various functions. These diversified trading and financial tools provide more trading opportunities and investment choices for PROVE, helping to enhance its liquidity and market attention.

2️⃣ PROVE launched with strong price performance PROVE performed strongly after being listed on Gate, with a maximum rise of 60.07% in a short period. 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, peaking at $1.54 and dropping to a low of $0.58 within 24 hours, demonstrating the high volatility characteristic of newly listed tokens.

3️⃣ Large-scale buying and staking activities A certain address has purchased 2 million PROVE at an average price of 1 dollar over the past 3 days, currently yielding a floating profit of 873,000 dollars, and has staked all tokens. This large-scale buying and staking activity may reflect some investors' optimism about the long-term value of PROVE, and it may also have a certain impact on short-term supply.

From a technical perspective, the price trend of PROVE shows strong upward 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 established partnerships with more than 35 partners, showing a degree of market recognition and application prospects.

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