It is, as far as I know, the only cross-distro package format that is designed to be cross-platform (desktop, server, IoT) and with built-in sandboxing. Moreover, it is feasible to base a distro off of snap alone (Ubuntu Core, designed for IoT).
Flatpak has sandboxing, but is only designed for desktop apps. Not server and not IoT.
Nix / Guix / AppImage does not have built-in application-level sandboxing out of the box.