This mentions a type of "market-bound" token economy, which first makes me think of the oracle market. To some extent, $PROVE and $LINK have many similarities economically; they do not depend on the performance of a single application but rather on the demand of the entire market. In other words, as the demand for Ethereum's scalability continues to increase, the demand for proof will rise, and the value of Succinct will follow. The performance of $PROVE has also been quite beyond expectations, opening low at $0.6 and recently reaching a high of $1.7 in the last two days. It's hard to say what valuation it deserves right now; prices are all based on future expectations, just like at the beginning when no one could predict how big the oracle market could become. Currently, the market has not fully understood it, and Succinct also needs to prove itself through data in this stage. Let the bullets fly for a while.
crashout
crashout10.8. klo 21.20
many of today's protocol tokens are designed primarily for growth speculation and governance. this leads to a token model that is vertically integrated and "app-bounded." for example, the value of tokens like UNI or AAVE is close tied to the success of their individual protocols, rather than the growth of the broader category they belong to. PROVE introduces a different paradigm: a "market-bounded" asset. instead of being tied to a single application, PROVE is positioned to capture economic value of the entire horizontal proofs market. this model is inherently agnostic to which L2, chain, dapp wins, as PROVE benefits from the ever-growing aggregate demand for proofs, whever it originates. this market-bounded model aligns directly with ethereum's long-term scaling roadmap. scaling the L1 without sacrificing decentralization requires a dramatic increase in zk proof generation. this creates a structural, non-speculative demand for a new commodity market: prover networks. PROVE is the native currency for this market, creating a self-reinforcing flywheel: as eth scales -> proof demand rises -> value accrues to PROVE -> which incentivizes a more robust and efficient prover network -> enabling larger computational workloads and further scaling. ultimately, PROVE is positioned not as a bet on a single application, but as a stake in the foundational infrastructure for the entire onchain economy. succinct is building the proving economy. PROVE is how you own it.
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