Full-Time
Enhances blockchain interoperability and efficiency
No salary listed
Mid, Senior
San Francisco, CA, USA
Strong preference for candidates based in San Francisco, but open to exceptional remote candidates.
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Succinct.xyz enhances blockchain technology by focusing on interoperability and efficiency. The company develops tools and protocols that improve how blockchain networks operate. One of their main products is a verifiable proof of Bitcoin block headers, which allows users to verify blockchain data without downloading the entire blockchain, making the process quicker. Another key offering is "Telepathy," a decentralized zkSNARK interoperability protocol for Ethereum that enables secure communication between different blockchain networks. Additionally, Succinct.xyz has created a gas-efficient on-chain light client for Ethereum's Proof of Stake system, which reduces the resources needed for transaction verification. Unlike many competitors, Succinct.xyz emphasizes both efficiency and cross-chain communication in its solutions. The company's goal is to provide advanced blockchain solutions that help clients operate more efficiently and effectively in the blockchain space.
Company Size
11-50
Company Stage
Series A
Total Funding
$55M
Headquarters
San Francisco, California
Founded
2022
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Phala Network launches Op-Succinct rollup on Ethereum through a partnership with Succinct Labs and Conduit.
Singapore, Singapore, December 19th, 2024, ChainwireSuccinct alliance establishes Mantle Network as highest-TVL ZK validity rollupMantle Network, an Ethereum layer 2 (L2) known for its modular design and being the first adopter of EigenLayer’s EigenDA, today announced its architectural transition to a zero-knowledge (ZK) validity rollup through an industry-first alliance with Succinct.Combining its modular architecture, data availability solutions through EigenDA, and now zero-knowledge proofs via SP1, Mantle Network embarks on creating the liquidity chain for institutional-grade settlement and value transfer in the crypto ecosystem.Since Mantle Network’s mainnet launch on July 7, 2023, the burgeoning on-chain ecosystem has grown to become a top 5 L2 by total value locked (TVL) with $2.2 billion and counting. The network has processed 175 million on-chain transactions, seen 1.4 million smart contracts deployed, connected to 10 million unique wallet addresses and maintained 4.9 million monthly active wallet addresses since its inception. Mantle Network continues to drive capital efficiency in the on-chain economy with the integration of ZK validity rollup technology, providing crucial next-generation technical infrastructure to support and amplify secure growth of high-value asset settlements. Backed by one of the largest community-owned treasuries globally with $4.3 billion in asset reserves, Mantle Network’s technical roadmap directly supports its vision of accelerating seamless, secure and efficient movement of institutional capital across traditional and decentralized markets.Accelerating Institutional-Grade Asset Settlements Through ZK Validity InnovationWith the testnet launch in Q1 2025 with intention towards mainnet upgrade, Mantle Network is set to evolve from an optimistic rollup model to a ZK validity rollup through Succinct’s SP1. This architectural change drastically reduces chain finality from seven days to one hour – enabling fast institutional-grade asset settlements that support and address capital efficiency opportunities throughout traditional finance and the blockchain industry.The transformative efficiency gains of ZK validity proofs have garnered significant market traction. Already powering applications with a cumulative $4.4 billion capital across leading ZK L2 ecosystems, Mantle Network maintains a bullish belief in the advancement of ZK technology to further the broader Ethereum ecosystem
By integrating Succinct's SP1, Morph is introducing an industry-first Responsive Validity Proof (RVP).
Then, in collaboration with Optimism, a leading layer-2 blockchain, Succinct Labs separately unveiled a framework to upgrade optimistic rollup chains in the OP Stack into a ZK rollup - in just an hour.
On Sept. 11, Succinct Labs announced its partnership with OP Labs, a startup contributing to the development of the Optimism op-3.23% Optimism protocol, to create OP Succinct.