PROVE reached a new high of $1.7! Succinct's volume exceeded $1 billion, price prediction for 2025–2030.

The native Token PROVE of the zk-SNARKs new star Succinct surged over 26% within 24 hours, breaking through $1.70 to set a new all-time high. Accompanied by the launch of the Mainnet and support from top exchanges, the daily volume of PROVE once exceeded $1 billion, with a big pump of over 200%. This article will analyze the driving factors behind the pump of PROVE and provide price predictions for 2025–2030.

PROVE Big Pump: All-Time High and Volume Surge

On August 11, the PROVE price reached $1.72, setting a new historical record. Since the launch of the Mainnet on August 5, the Token has accumulated a pump of 89%, and after being listed on multiple exchanges, the volume has exploded instantly.

Volume Peak: Over 1 billion USD within 24 hours after TGE, currently still maintaining above 620 million USD.

Background of the increase: After the South Korean CEX exchange launched the PROVE/KRW trading pair, the daily spot trading volume reached 565 million USD, leading the global market.

Technology and Ecology: The Core Role of Zero-Knowledge Infrastructure

PROVE is the native Token of the Succinct Prover Network, which is the first decentralized zk-SNARKs market, connecting projects that require ZK proofs with the nodes that generate these proofs.

Technical Foundation: Built on Ethereum, using SP1 zkVM (Rust native, GPU accelerated), supporting privacy computing, cross-chain bridging, and Ethereum scalability.

Locking and Staking: Over 5 million proofs have been processed, locking a value of over 4 billion USD; 6.8 million PROVE have been staked, accounting for 0.68% of the total supply.

Token Economy: Total supply of 1 billion, with only 19.5% circulating, low supply structure boosts price elasticity.

Short-term Trend and Technical Analysis

After breaking through $1.70, PROVE has slightly retraced and is currently accumulating momentum in the $1.15–$1.20 range.

Support level: $1.15

Resistance Level: $1.25 (short-term breakout point)

RSI: Bounced from the oversold area to 51. If it breaks through the 55–60 range, it may trigger a new round of upward movement.

MACD: Expected to form a bullish crossover, indicating a warming of momentum.

2025–2030 PROVE Price Prediction

Long-term Outlook: Key Assets of the Zero-Knowledge Economy

Analysts believe that the long-term value of PROVE will depend on the penetration of zk-SNARKs in DeFi, cross-chain, and privacy computing fields. As the demand for verifiable computation increases with Ethereum and multi-chain ecosystems, PROVE is expected to become the "fuel" for the Web3 infrastructure layer.

The low circulation structure, participation of institutional funds, and continuous technological iterations will lay the foundation for it to break through 4 dollars before 2030.

Conclusion

PROVE successfully surged to a new high of $1.7 within just a few days after its Mainnet launch, thanks to its listing on exchanges, a big pump in volume, and the craze for zero-knowledge technology. With ecosystem expansion and the deepening of staking mechanisms, this Token is expected to continue appreciating over the next five years and become one of the core assets of the zero-knowledge economy by 2030. For more real-time market data and in-depth analysis, please follow the official Gate platform.