A new wave is rising in the encryption world. As the market gradually shifts from purely narrative-driven to substantial infrastructure development, two projects are quietly changing the landscape of Web3: Succinct's Decentralization proof network and Lista's stablecoin lending protocol. While they may not be as eye-catching as some hot topics, their potential may far exceed many people's imagination.

Succinct is building a revolutionary universal proof layer that allows any blockchain or application to verify computations in a completely trustless manner. Its core product SP1 (Succinct Prover) significantly reduces the cost of proof generation through open-source zkVM technology, even supporting direct development using Rust language. This breakthrough enables developers to easily implement complex functions such as cross-chain light nodes and intention execution proofs. Succinct's vision is to become the TLS of the Web3 world, making zero-knowledge proof technology a standard configuration like internet encryption protocols.

At the same time, Lista is carving out new territory in the LSDfi track, creating a brand new concept of "liquidity stablecoin." Users can mint lisUSD stablecoins by staking LSD assets (such as stETH) while participating in a mechanism known as "soft liquidation," effectively avoiding the risk of forced liquidation of positions. This model can be seen as an optimized upgrade of MakerDAO and Liquity, but more suited to the needs of a multi-chain LSD ecosystem. Currently, Lista has successfully integrated with BNB Chain and the Ethereum network, and its APY strategy and governance token incentive mechanisms are worth close attention from the market.

Both of these projects have very high technical barriers. Succinct's ZK infrastructure requires years of research and development accumulation, while Lista's clearing algorithm and collateral design have also undergone multiple careful adjustments. At the same time, the tracks they are in have huge market potential, with interoperability and stablecoins being trillion-dollar essential markets, and the first-mover advantage is obvious.

It is worth noting that there is a potential ecological synergy between Succinct and Lista. Succinct can provide cross-chain proof services for Lista, while the stablecoin issued by Lista may become the main payment medium in the Succinct ecosystem.

Although the value realization of infrastructure projects often lags behind the application layer, once it erupts, its growth is often exponential. Just like the early Polkadot and Aave, Succinct and Lista are weaving the foundation for the next generation of global encryption networks. As these innovative projects develop, we may be on the brink of witnessing another significant transformation in the Web3 space.