Here’s How the Succinct Mainnet Launch Fueled the PROVE Token’s 30% Rally Today

PROVE, the native token of the Zero-Knowledge (ZK) Prover Network, Succinct is making headlines in the crypto space, as it surged 30% today. Notably, in this, the new Succinct mainnet launch, Binance’s listing, and other factors also played a significant role. Let’s discuss. 

PROVE Token Rallies With Succinct Mainnet Launch

The Succinct mainnet is now officially live following its deployment on August 5. It is a production version of the Succinct Prover network with a decentralized marketplace for ZKPs. It enables any app or even the protocol to request ZK proof instead of the centralized system, fueling the PROVE token price rally. 

With the launch of the mainnet and the native token, bullish sentiments grew for the token, fueling its price rally. This Succinct mainnet launch played a crucial role in the token’s performance, as it marks the transition from speculation to utility. 

It’s a complete proof that the project is live and the token will play the assigned roles, increasing its demand and sparking ecosystem growth. Notably, PROVE is launched with key utilities, including paying for ZK proofs, a secure network, participation in governance, and much more. 

Additionally, the token gains exchange listing and other related activities, so its price reacts. At present, it trades at $1.17 with $1.36B in market capitalization. Additionally, its trading volume has surged by 33,000% in 24 hours, currently at $1.36B, signaling high investor demand.  

Notably, the surge was accomplished while the broader crypto market saw a correction. Even the top digital assets like Bitcoin, Ethereum, and others struggle today, but PROVE became an exception.

PROVE Token Launch and Exchange Listings

Succinct Prover Network has launched its native token with a 1 billion total supply, out of which 195 million (19.5%) is already in circulation. Interestingly, an airdrop of 15 million PROVE is allocated to BNB holders via Binance’s HODLer Airdrop. 

Notably, many top crypto exchanges, including Binance, Coinbase, and others, have listed the token, providing it more visibility and credibility. As a result, its trading volume skyrocketed 33,000%, fueling the 30% price surge today.