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Succinct
More Detail
$0
-5.15%
Total dollar volume24H
$93,830,872
High24H
0.8999 USDT
Low24H
0.7773 USDT
Market Cap
#248$155,785,500
FDV
$798,900,000
Market Cap / FDV Ratio
0.20
Turnover rate
60.23%
Circulating supply
195,000,000
Total supply
1,000,000,000
Max supply
1,000,000,000
All time high
1.925 USDT
All time high date
Aug 06, 2025
Down from All time high
-58.50%
Cycle low
0.2777 USDT
Cycle low date
Oct 10, 2025
Up from cycle low
187.68%
Contracts
EtherScan:0x6B...ad29
Official links
Website
White paper
Socials
Twitter
Discord
Introduction

The Succinct Network introduces the idea of a global, distributed proving cluster codesigned with SP1 and powered by a competitive auction mechanism called proof contests to dramatically expand the proving capacity of the world.

The network provides a unified platform for users to submit proof requests and for anyone in the world to provide proving capacity. Provers can join the network permissionlessly and participate by running node software and users can get high-reliability guarantees for their requests.

The proof contest mechanism is a novel auction that balances proving cost and decentralization, and induces free market competition on proving. It functions as an all-pay auction with collateral that allows for effective price discovery on requests while maintaining a decentralized prover set and solving several related problems, such as proof spamming, contention, and griefing. Proof contests settle on an application-specific blockchain designed for coordinating provers with requests.

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