#SuccinctLabs $PROVE Core Technology Progress
Succinct Labs expects to achieve full decentralization of ProverNet within 2024, attracting node operators to participate in zero-knowledge proof (ZKP) generation networks through economic incentives. Its developed SP1 acceleration framework has supported multi-chain light client verification (such as Ethereum, Optimism) and will expand to ecosystems like Cosmos and Solana in the future, reducing cross-chain interoperability costs by over 90%.
Ecosystem Cooperation and Token Empowerment
Use cases will deepen around proof service staking and protocol governance:
1. EigenLayer AVS Integration: Node operators need to stake to provide trusted proof services, capturing the verification demand of modular blockchains;
2. Proof Market Dividends: Users will pay proof fees, which will be distributed to stakers in the form of ETH/USDC;
3. Strategic Cooperation: Infrastructure cooperation has been reached with Polygon and Gnosis Chain, and it is expected to connect to more than 3 Tier1 chains in Q3.
Market Prospects
If the adoption rate of ZK-Rollup breaks 50% by 2025 (currently about 25%), Succinct's modular proof layer could occupy 30% market share. The staking rewards (expected annualized 8-15%) and deflationary mechanism (partial fee buyback and burn) may drive value reassessment.
Data Support: Currently, the ProverNet testnet has processed over 4 million ZK proof requests, and on-chain verification costs have dropped to the level of $0.001. If the mainnet is launched as scheduled, Succinct is expected to become a key infrastructure in the era of modular blockchains.