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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
🎁 4 winners split $100 Futures Voucher! - 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The Eve of the PROVE Ecosystem Explosion: Three Truths Seen from On-Chain Data
Truth 1: The capital logic behind the 47% surge in TVL
In the past 7 days, the TVL of the PROVE staking pool increased from 150 million to 220 million USD (data: ProveScan). The surge occurred right after the E5 upgrade on August 11— the new Succinct protocol reduced node verification costs to $0.03 per instance (compared to $1.2 for Polygon zkEVM). Capital is voting with real money: while traditional ZK projects are still caught up in technical PPTs, PROVE has already lowered verification costs below AWS server fees.
Truth Two: The "Smart Money Trap" in the Contract Market
View PROVE contract data:
- Open interest doubled in August ($80M→$160M)
- **But the short exposure above 0.82 reveals clues**: When retail investors follow the trend to short (with 61% of short positions last week), market makers continued to place tens of thousands of buy orders at $3.2 (which can be checked on the Gate order book). This morning, PROVE suddenly surged to $3.5, triggering $2 million in short liquidations — **this is clearly a short squeeze driven by leverage**.
Truth Three: CandyDrop is draining liquidity.
The event has been online for 12 hours, and the locked amount of PROVE CandyDrop has surged by 180,000 pieces. According to the rules:
1. Stake ≥ 500 PROVE to enter the lottery
2. The winning rate is positively correlated with the staking amount
Causing an on-chain "layered effect:"
- Whales (holding over 100,000 tokens) account for 67% of the staking.
- Retail investors are unable to secure quotas and turn to contracts (increasing volatility)
*My strategy: This morning I grabbed 500 PROVE at $3.35 and staked them all, betting on high APY + CandyDrop double returns*
Risk Warning
- Short-term selling pressure point: $3.8 (last year's ICO cost zone)
- On-chain whale "0x7d3" transferred 420,000 tokens to B yesterday, be cautious of a dump.
- Technically, the 4-hour RSI is overbought (78.6), looking for a pullback support at $3.15
Final advice
The value anchor of PROVE lies in its real adoption rate - pay attention to the progress of the Succinct protocol's integration into the Cosmos ecosystem in September. If the implementation goes smoothly, $5 is expected; if delayed, $2.8 is the solid bottom.
#PROVE创作大赛#