PROVE (Succinct) rose 7.91% in the last 24 hours.

Gate News Bot news, on August 7th, according to CoinMarketCap data, as of the time of writing, PROVE (Succinct) is currently priced at $1.07, having risen 7.91% in the last 24 hours, reaching a high of $1.54 and a low of $0.58. The 24-hour volume has reached $1.207 billion. The current market capitalization is approximately $210 million, an increase of $15.4 million compared to yesterday.

Succinct is a decentralized prover network designed to make zero-knowledge technology simple and user-friendly. The project has generated over 5 million proofs and established partnerships with over 35 partners, protecting a total locked value of over $4 billion. Succinct provides infrastructure such as SP1 (the world's fastest RISC-V zkVM) and the prover network, supporting developers to write code in Rust, generate proofs, and verify on various blockchains.

PROVE recent important news:

1️⃣ Gate launches multiple trading features for PROVE globally.

Gate will launch Succinct on August 6, 2025, 01:00 ( UTC+8 019283746656574839201 globally, with spot trading available for the trading pair PROVE/USDT. At the same time, Gate will also introduce several functions for PROVE, including perpetual contract trading, unified account lending, isolated margin trading, YuBiBao wealth management, flexible collateralized lending, and fixed-term collateralized lending. These diverse trading and financial tools will bring more trading opportunities and investment options for PROVE, helping to enhance its liquidity and market attention.

2️⃣ PROVE performed strongly after its launch.

PROVE performed strongly after being listed on Gate, with a maximum rise of 60.07% within 24 hours. The short-term surge exceeded 40%, and the current price once reached 1.3185 USDT. This strong price performance reflects the market's high attention and positive expectations for the Succinct project.

3️⃣ Flow Traders provides market-making services for PROVE

The renowned market maker Flow Traders has received 2.5 million PROVE tokens (accounting for 1.28% of the total circulating supply) from the project party's address and will distribute them to several major trading platforms, including Gate. This move is expected to enhance the market liquidity of PROVE and provide traders with a better trading environment.

From a technical perspective, the price movement of PROVE shows strong rising momentum, but it is also accompanied by significant volatility. In the last 24 hours, it reached a high of 1.54 dollars and a low of 0.58 dollars, indicating a large price fluctuation, which reflects the market's enthusiastic response and uncertainty toward this newly listed token.

On the fundamental side, Succinct, as a decentralized prover network dedicated to simplifying the application of zero-knowledge technology, has potential in the blockchain infrastructure field. The project has generated over 5 million proofs and established partnerships with more than 35 collaborators, demonstrating a certain level of market recognition and application prospects.

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