Gate News bot message, Gate market shows PROVE has pumped 60.07% in the last 24 hours, current price 1.0978 USDT.

Gate News bot message, Gate market shows PROVE has risen 50.17% in the last 24 hours, current price 1.3185 USDT.

According to official news, on August 5th, PROVE (Succinct) was officially launched on the MGBX trading platform. On the following day, the price of PROVE surged significantly, with a maximum increase of over 553%. The trading volume reached approximately $641 million in 24 hours that day, with active trading and noticeable market fluctuations. The current market capitalization of the project is about $263 million.

Gate News Bot message, August 6th, according to CoinMarketCap data, as of the time of writing, PROVE (Succinct) is currently priced at $0.98, with a rise of 8.12% in the last 24 hours, peaking at $1.13 and dropping to a low of $0.58. The 24-hour volume reached $448 million. The current market capitalization is approximately $192 million, an increase of $14.44 million compared to yesterday. Succinct is a decentralized prover network aimed at making zero-knowledge technology simple and easy to use. 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 offers SP1 (the world's fastest RISC-V zkVM) and Prover Network (decentralized.

MGBX will launch PROVE (Succinct) Spot trading on August 5 at 21:00, with deposits starting from 17:30, and withdrawals opening on August 8 at 19:00. Succinct Labs is dedicated to building a Decentralization cross-Blockchain interoperability layer, utilizing efficient on-chain light client and zk-SNARKs technology.