Paradigm-backed Succinct rallies 150% following exchange listing

Succinct is a protocol focused on verifiable computation, enabling developers to easily generate and verify zero-knowledge (ZK) proofs in a variety of settings using its general-purpose zkVM (zero-knowledge virtual machine). Its mission is to make cryptographic verifiability a default feature in blockchain and web3 infrastructure and beyond, allowing systems to become more scalable, secure, and trust-minimized.Succinct is built around the idea of empowering developers with tools that abstract away the complexity of zero-knowledge cryptography. Rather than requiring niche languages or specialized knowledge, Succinct’s zkVM allows developers to write provable programs in familiar languages like Rust - reducing the time to integrate ZK from months to days.Succinct was founded in 2022 in San Francisco, California by a team of researchers and engineers with deep experience in cryptography, systems, and blockchain development. The project is backed by top-tier investors such as Paradigm, and has already been integrated into major crypto protocols like Ethereum layer 2 rollups, secure bridging, and light client infrastructure, and more. The Succinct token (PROVE) is designed to secure and incentivize participation in the Succinct Prover Network, a decentralized marketplace where anyone can contribute compute capacity and earn fees by generating proofs. It can be used to reward provers, stake to secure the network, and participate in governance.Real-world applications of Succinct’s technology include powering layer 2 rollup solutions, verifiable exchanges, trustless bridges between chains, verifying the output of off-chain computation, enabling tamper-proof data feeds, and even extending to AI model verification and privacy-preserving systems outside of crypto.As zero-knowledge proof systems become more central to the future of decentralized infrastructure, Succinct aims to be the foundational layer making ZK accessible, scalable, and production-ready.