Succinct
@SuccinctLabs
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Prove the world’s software.
San Francisco
Joined August 2022
They said it couldn’t be done… We PROVED them wrong. The Succinct Prover Network is now live on mainnet.
The Succinct Prover Network is live on mainnet. Today, we PROVE them wrong.
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We're excited to follow their progress as they build on the Succinct Prover Network. To learn more about Mynt V2, read their blog post: https://t.co/5YiMI2UEl9
mirror.xyz
USDm: The Stablecoin That Doesn’t Snitch.
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Their V1 processed 1 million transactions, and their new V2 is rewiring protocol incentives to empower decentralized adoption.
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As a reminder, Mynt is building a world where users can trade/spend/stake their stablecoin balances without transferring their tokens. This is only possible with ZK, improving stablecoin composability and security. https://t.co/rtIbEWoj54
What if you could use stablecoins without transferring them? @MyntUSD is a new stablecoin that uses SP1 to make this possible. This is a first step toward unlocking new functionality for a $200B+ asset class.
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Congrats to @MyntUSD on V2 of their ZK-native stablecoin, built on SP1 and the Succinct Prover Network.
Money 2.0 just launched. $USDm v2 on @SuccinctLabs is the first stablecoin where security operators control the rails. Become an operator NOW and use Mynt: https://t.co/BTePlTQBSF
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Across has migrated to the Succinct Prover Network. @AcrossProtocol v4 is being served by world-class provers offering leading performance and cost. More Chains. Faster. The best teams in crypto are joining the proving economy.
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Together we are making Bitcoin more programmable with SP1. Verify your proofs on Bitcoin today🟠
𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: On Aug 22, Fiamma & @SuccinctLabs completed the 𝐅𝐢𝐫𝐬𝐭-𝐄𝐯𝐞𝐫 𝐌𝐚𝐢𝐧𝐧𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐃𝐞𝐦𝐨𝐧𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐁𝐢𝐭𝐕𝐌𝟐 𝐁𝐫𝐢𝐝𝐠𝐞. 🎉 ⏱️ Within 1 sec to detect & respond to malicious activity 💸 ~$64 cost 🏆 ~$1,100 reward
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Watch @srachasaucee's podcast to hear how we're going to ZK everything and PROVE them wrong ;)
The alpha is not on Twitter, and most things in crypto will go to zero. Also, AI is gonna cook us. @countersignalpd episode 3 with my friend @0xaddi, an acquired crypto founder & MIT student Timestamps: 0:00 Intro 0:38 Addison Origin Story 2:45 Founding @thunderheadxyz at 16
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Galxe has migrated to the Succinct Prover Network. @Galxe's verifiable raffles will be served by world-class provers offering leading performance and cost. The best teams in crypto are joining the proving economy.
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Going live tomorrow at 12pm ET with: @gelatonetwork
@l2beat
@Spire_Labs
@SuccinctLabs to discuss all things rollups, external bridges, ZK, and more! See you there anon.
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Don’t miss this week’s Bullet briefing featuring @SuccinctLabs. 🎙️ 📅 Thursday September 4th @ 01:00 UTC Bullet Co-Founder @Tristan0x is joined by Succinct CEO @pumatheuma to talk innovations in ZK tech, Bullet mainnet updates, Trading Cup recap and more 🔥
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We’re thrilled to announce that @Availproject has acquired @Arcananetwork, the leading chain abstraction protocol! 🤝 Arcana’s proven infrastructure and core team are now part of Avail, bringing chain abstraction, wallets, auth, and MPC to supercharge Avail Nexus. This
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Blobstream has migrated to the Succinct Prover Network. @Celestia will be served by world-class provers offering leading performance and cost. The best teams in crypto are joining the proving economy.
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🚨 @SuccinctLabs is now live on Dune: Succinct is building the Prover Network, a marketplace where anyone can generate ZK proofs for any software. Track proof auctions, network adoption & cost efficiency, all queryable, verifiable, live on Dune. https://t.co/Ef8sYoLLaU
dune.com
Explore the Prover Network Bringing ZK to All Applications
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5/ Ready to dive in? Check out our official dashboard as a starting point:
dune.com
Dune is the all-in-one crypto data platform — query with SQL, stream data via APIs & DataShare, and publish interactive dashboards across 100+ blockchains.
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4/ The Succinct community is taking advantage of this open data, demonstrating the strength of our ecosystem. @0xJaehaerys developed a staking dashboard that shows how the network’s security budget is steadily increasing: https://t.co/fQwGu99BiD
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3/ The Succinct Prover Network is already lowering proving costs, validating our thesis about prover networks as a coordination layer for the ZK economy. Soon, ZK will be accessible to all.
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2/ Since launching on Aug 5th, the Succinct Prover Network has generated over 100K PROVE in fees, on pace for 1.7M PROVE annualized. As ZK rollups go mainstream, revenue will be in the hundreds of millions if we can monetize a fraction of the TVS on Optimism and Arbitrum L2s.
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