Do you think that's more due to how it works or due to the kinds of people who currently spend time on each?
Facebook and Twitter inundate me with reshared content from third parties that I mostly have no interest in. Snapchat in contrast is content created by people I know, and they choose to send it to me specifically.
It might be as mundane as breakfast, or a pet doing something funny, or new bedroom curtains, but it's still an update about the life of a friend. Facebook might have a rant about how awful the day at work was which is boring to read. We've all got jobs. Or a reshare of 43 things every women in her 30s hates about Thursday afternoon. Snapchat might have a picture of someone's lunch knocked onto the floor. You think "hah that sucks" and it's gone.