SNAP Price

SNAP (SNAP) is a cryptocurrency designed for decentralized social media integration. Built on the Ethereum blockchain, it facilitates fast payments, rewards, and NFT transactions. SNAP focuses on peer-to-peer transfers, in-app purchases, and community engagement within social media platforms. As of 2025-08-01, SNAP is ranked #1646 with a price of $0.00000359 and a 24-hour trading volume of $80.06K. The token has a circulating supply of 1.64T SNAP and a total supply of 1.64T SNAP. Its market capitalization stands at $5.89M, representing 99.92% of its fully diluted valuation. SNAP aims to revolutionize social media interactions by providing a seamless, blockchain-based solution for content creators and users alike, potentially reshaping the digital landscape in the coming years.

SNAP was created on September 4, 2021. It operates on the Ethereum blockchain as an ERC-20 token. The cryptocurrency was launched with a focus on providing decentralized financial services and community governance. Since its inception, SNAP has aimed to create a robust ecosystem for decentralized applications and token-based incentives. The project's goal is to offer innovative solutions in the DeFi space, leveraging smart contract technology on the Ethereum network. As of 2025-08-01, SNAP continues to evolve and adapt to the rapidly changing landscape of the cryptocurrency market, with ongoing development and community engagement driving its progress.

The founders of SNAP are Evan Spiegel and Bobby Murphy. They co-founded Snap Inc., the parent company behind SNAP. Spiegel and Murphy met at Stanford University in 2009 while studying Product Design and Math/Computational Science respectively. Their collaboration led to the creation of Snapchat, which later evolved into Snap Inc. and expanded into the cryptocurrency space with SNAP. As visionaries in social media and technology, Spiegel and Murphy have leveraged their expertise to develop SNAP as a digital asset within the Snap ecosystem, aiming to integrate blockchain technology with their existing platforms and services.

SNAP operates on the Ethereum blockchain as an ERC-20 token. It utilizes smart contracts to enable secure and transparent transactions. Users can store, send, and receive SNAP tokens through compatible wallets. The token's supply is capped at ∞, with 1.64T SNAP currently in circulation. SNAP can be traded on decentralized exchanges and used within its ecosystem for various purposes. The token's value is influenced by market demand and project developments. As of 2025-08-01, SNAP is priced at $0.00000359 with a 24-hour trading volume of $80.06K. Its market capitalization stands at $5.89M, ranking it 1646 among all cryptocurrencies. The project aims to expand its utility and adoption in the coming years, potentially impacting its value and usage in the Web3 space.

SNAP utilizes a decentralized blockchain architecture with a proof-of-stake consensus mechanism. This design ensures secure and efficient transaction processing while minimizing energy consumption. The network consists of distributed nodes that validate transactions and maintain the blockchain's integrity. Smart contract functionality is built into the system, allowing for the creation of decentralized applications (dApps) and automated, trustless agreements. The architecture incorporates advanced cryptographic techniques to secure user assets and data. Scalability solutions, such as sharding and layer-2 protocols, are implemented to enhance transaction throughput and reduce fees. The SNAP ecosystem also features a robust governance model, enabling token holders to participate in decision-making processes for protocol upgrades and improvements. This technical foundation positions SNAP as a versatile and future-proof cryptocurrency platform in the rapidly evolving blockchain landscape.

The future of SNAP looks promising, with ongoing development and community engagement driving its growth. The project's roadmap includes expanding its ecosystem, enhancing scalability, and implementing new features to increase adoption. By 2026, SNAP aims to launch its own decentralized exchange and introduce staking rewards. In 2027, the team plans to integrate cross-chain functionality and explore partnerships with major DeFi platforms. Looking ahead to 2030, SNAP envisions becoming a leading player in the Web3 space, with a focus on privacy-preserving technologies and seamless user experiences. The long-term goal is to achieve widespread adoption and establish SNAP as a cornerstone of the decentralized finance ecosystem by 2035. While the cryptocurrency market is volatile, SNAP's strong fundamentals and dedicated team position it well for potential growth in the coming years.