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🧮Actually, I didn't want to write about this project @SuccinctLabs, and the reason is simple:
The project background is great, whether it's financing or technical capabilities, but this also means that the angles for market promotion have basically all been covered by others.
I don't have a good angle to think about and write this article; whether it's the testnet tutorial, the impressive technical aspects, or financing and team details, everything has already been discussed by others.
Even after Kaito, I didn't write anything; I can't just force content for Yaps.
➡️However, I want to write about this project today, and the reason is also simple:
1. Its token $PROVE has been listed on Binance, which is not surprising at all. This financing, along with the backgrounds of Pparadigm and Robot, definitely comes from top-tier sources.
2. Succinct can break the "ZK is useless" theory, and it has become a feature that is as essential as BTC ecosystems and NFTs.
3. I've always been optimistic about this sector. If you look at my Twitter, I've actually written about many ZK projects before. I've explored and researched all the decent ZK projects in the market.
I have indeed been disappointed before.
But today, Succinct has reshaped everyone's understanding of ZK technology, prompting people to reassess this sector and reconsider its value for Web3.
Of course, value isn't just something you say; being listed on Binance is merely recognition from an exchange and doesn't represent the true product value.
📊So I went to dig up some data related to the entire product, adhering to the principle that data comes first.
1. The TPS improvement brought by technical advantages: it can increase TPS to over 10,000, which will truly provide underlying technical support for the large-scale adoption of Web3.
2. Over 5 million proofs + 35 protocol integrations: as the product market expands, I believe this data is just the beginning; 10 million or even 100 million proofs are just around the corner.
3. This is the future revenue expectation, which is actually linked to the second point. I searched and found that revenue is calculated based on proofs, and as collaborations increase, the revenue will continue to grow.
📒Of course, the most important thing is the previous technical issues.
Previous ZK products had a higher threshold and higher requirements for developers, which essentially slowed down the speed at which ZK products could be launched, thereby limiting the influence of the entire sector.
Succinct creatively proposed P1 zkVM + Prover Network, allowing developers to quickly access ZK.
This lowers the threshold for ZK products ➡️ ZK products flourish everywhere ➡️ User participation increases ➡️ Continues to encourage B-end ZK product growth ➡️ User growth continues.
This forms a virtuous cycle.
📖Another important compliance factor.
I guess many people haven't noticed this, and I stumbled upon it.
In a recent White House digital report, many popular sectors and tokens were mentioned, but ZK was also included.
This is very good news for Succinct, representing that mainstream political circles in the U.S. see the value of the ZK sector.
Then I dug a bit deeper, and I personally think Succinct can be considered an American project.
This means that if the U.S. government needs ZK technology in the future, Succinct, as a local team with top-notch ZK technology and a solid background, could be the first project to gain recognition and collaborate with them.
💭Just to imagine:
1. Participating in some meetings with high-level U.S. finance.
2. Collaborating with WLFI to become its reserve currency token.
3. Providing ZK proof services as required by the U.S. government.
All of the above are possible.
💬Finally, I want to say a few words:
I hope Succinct can become a benchmark in the ZK sector, leading this sector to truly become a giant comparable to the DeFi and AI sectors.
The era belonging to the ZK sector is slowly unfolding under the leadership of Succinct.
With the launch of Prove, the value of the entire ZK sector is now being showcased, and the token price reflects the sector's value. I look forward to a good performance.
One more important point: everyone should not focus on the price fluctuations; what I see more is the long-term value that Succinct brings to the entire sector: the leader of the ZK sector, large-scale access (B-end + C-end), and long-term token development.

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