5. Succinct, a platform for developers to build decentralized apps with zero-knowledge proofs (ZKPs), announced SP1 1.0, the production-ready release of their zkVM, “enabling builders to write real-world ZKPs with Rust and affordably generate proofs in real time,” according to the team: “The co-founder and CEO is Uma Roy. The platform has delivered up to a 10x performance gain in latency/cost, already securing over $1 billion in TVL, with thousands of proofs. With more than 100 billion CPU cycles proven on the prover network’s private beta, Succinct is trusted by Polygon and Celestia.” According to a blog post: “We benchmark SP1 against RISC0 on three real-world workloads (Tendermint, Reth Block 17106222, and Reth Block 19409768) using a variety of cost-efficient AWS and Lambda Labs GPUs with on-demand pricing.” Also: “SP1 is 100% open-source, allowing teams like Argument (formerly known as Lurk Labs) and Scroll to implement custom precompiles for their own use-cases that have dramatically decreased cycle count and accelerated proof-generation time.”
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