Deep Dive
1. Indodax Listing (1 October 2025)
Overview:
PROVE debuted on Indodax, Indonesia’s largest crypto exchange, trading at IDR 12,174 (~$0.74) with a 24-hour volume surge of 120% to IDR 1.81T ($111M). Despite this liquidity boost, the token remains ~55% below its August 2025 ATH of IDR 27,000, reflecting post-listing volatility and concerns around future token unlocks (19.5% circulating supply vs. 1B max).
What this means:
The listing broadens PROVE’s reach in a key emerging market but highlights risks tied to low float and high FDV. Sustained developer traction in ZK use cases (e.g., rollups, AI verification) could offset sell pressure. (Indodax)
2. Mantle’s ZK Upgrade (16 September 2025)
Overview:
Mantle Network completed its transition to a ZK rollup using Succinct’s OP Succinct framework, securing $2B+ TVL and reducing withdrawal times to 6 hours (vs. 7 days for competitors). PROVE’s role in Mantle’s proof generation aligns its utility with high-value institutional DeFi and RWA use cases.
What this means:
This integration validates Succinct’s enterprise-grade ZK infrastructure, potentially driving demand for PROVE as Mantle targets compliance-heavy sectors. However, competition from zkSync and StarkNet persists. (Succinct Blog)
3. Arbitrum Partnership (26 August 2025)
Overview:
Succinct signed a 1-year exclusive deal with Offchain Labs’ Tandem studio to bring ZK proofs to Arbitrum, aiming to reduce withdrawal times and enhance cross-chain security. The collaboration targets Arbitrum’s ~50% dominance in L2 TVL.
What this means:
This partnership positions PROVE as a revenue-generating asset for Arbitrum’s ecosystem, though adoption hinges on technical execution and DAO governance approvals. (Blockworks)
Conclusion
Succinct’s recent milestones underscore its pivotal role in ZK infrastructure, bridging institutional demand (Mantle/Arbitrum) and retail access (Indodax). While exchange listings boost visibility, long-term value hinges on mitigating dilution risks and scaling proof demand. Will PROVE’s staking mechanics offset unlock pressures as ZK adoption accelerates?