ARK's thesis is simple: Ethereum is the institutional protocol. You can see it in the choices of industry leaders: Coinbase's Base is an OP Stack L2 that settles to Ethereum; Robinhood chose Arbitrum, which also settles to Ethereum. In the optimistic era, institutions tolerated fraud-detection windows because there wasn't a better option. As throughput, value at risk, and time value of money grew, the trade-off inverted. Now, Ethereum-aligned stacks (OP/Arbitrum) are standardizing native ZK proving paths. Succinct's collaborations with both stacks create a stack-level onramp: if you build on OP or Arbitrum, the shortest path to production-grade proving runs through the Succinct Prover Network. That's distribution at the infra layer. This sets up the institutional flywheel: more regulated/brand-name builders choose Ethereum settlement -> they pick OP-Succinct/ARB-Succinct for speed + ecosystem fit -> they adopt the stack's native ZK path -> proof volumes rise -> prover revenues grow, latency and costs fall -> more builders follow. The flywheel is economic. ⚙️🪽 Institutions are selecting Ethereum for settlement and OP/Arbitrum for execution. As those stacks integrate Succinct proving, proof volumes scale with institutional volume. Institutional throughput makes them structural buyers of proofs, and the prover network coordinating that proving capacity is secured by and pays fees in $PROVE. Slow, then suddenly, institutions are bullish on $PROVE because Ethereum settlement and the stacks they trust are.