- Status (SNT) research overview
- Historical market behavior
- YearBull signal interpretation
- Market structure and supply
- Key risks and limits
- Primary sources and review scope
- Status (SNT): A Privacy-Focused Ethereum App With a Token-Governed Community Layer
- What Status is building
- Messaging architecture and communities
- What SNT actually does
- The Status Network change
- Governance, users and dependencies
- What remains unproven
- Key takeaways
- Risks and open questions
- YearBull Rank overview
Status (SNT) research overview
Status (SNT) is tracked by YearBull under the source identifier status. Source categories place the asset in the Layer 1 Cryptocurrencies universe, with additional labels including Infrastructure, Smart Contract Platform, Software as a service. Category labels describe market context; they do not prove project activity, adoption, or investment quality.
Market structure and supply
Observed market capitalization is about $34.53 million and reported 24 hour volume is about $2.45 million. That volume equals 7.09% of market capitalization in the dated snapshot. Current circulating supply is 4,831,457,823. Recorded total supply is 6,804,870,174. Circulating supply changed +22.0% across the available historical window. Reported volume and supply fields can change through source revisions, issuance, burns, migrations, or venue coverage.
Key risks and limits
Validator or miner concentration, client faults, network outages, token issuance, ecosystem activity, bridges, and governance are material dependencies. Historical metrics describe the available YearBull record; they do not predict future returns. Contract addresses, network support, custody, and venue availability should be verified before use.
Primary sources and review scope
YearBull methodology | Official project website | Technical documentation or whitepaper | Source repository. Identity, categories, supply, and historical market fields were reviewed from locally stored source records on 2026-09-12. The live analytical snapshot may be newer than this editorial review.
Status (SNT): A Privacy-Focused Ethereum App With a Token-Governed Community Layer
Status combines encrypted peer-to-peer messaging, a self-custodial wallet and Web3 access tools. SNT supports selected governance and access functions, while the planned Status Network L2 has been redirected into the Linea ecosystem rather than launching as a standalone chain.
What Status is building
Status is an open-source application designed to combine private messaging, cryptocurrency custody and access to decentralised applications. The current app includes wallet functions, multi-chain token support, token-gated communities and browser or desktop access. The project presents Status as a community-operated product rather than a conventional ad-supported social network, although statements about decentralisation and privacy remain claims that depend on implementation, participation and user configuration.
The project dates back to a 2017 whitepaper that described Status as a mobile Ethereum client using peer-to-peer technologies. That document proposed SNT as a utility token for client governance, content curation, decentralised notifications and other community functions. Some early proposals have changed, so the original whitepaper is useful historical context rather than a complete description of the current product.
Messaging architecture and communities
Status Communities are specified as large group-discussion spaces built over Waku-based peer-to-peer messaging. The design separates communities from smaller one-to-one chats because a large group cannot efficiently use the same key-exchange pattern for every participant. Community metadata, membership changes and messages are distributed through Waku topics, while encryption and key changes are handled at the community and chat layers.
A community is identified by a public key, and its owner controls membership, channels and moderation permissions. Communities can be public or private, and the specification allows owners to add, remove or ban members. This creates a practical trade-off: the transport layer is designed for peer-to-peer communication, but individual communities can still have meaningful administrative control and may not provide the same censorship resistance as an unmanaged public network.
What SNT actually does
SNT is an ERC-20 community token used in several Status features. The project lists community-directory curation, proposal prioritisation and ENS subdomain creation among its current or intended uses. In the curation design, peers exchange signed votes over the peer-to-peer network and submit aggregated votes to a smart contract. That contract checks signatures, voting balances and duplicate submissions before recording the result on-chain.
The token is therefore not the same thing as a gas token for the former Status Network L2, nor does holding SNT automatically provide control over every Status product. The project’s own materials describe possible future uses, including staking, as being under continuing consideration. Governance influence also depends on the specific contract, proposal process and voting rules in use for a given feature.
The Status Network change
Status Network was presented as a gasless Ethereum Layer 2 intended to fund execution through native yield, application fees and community-directed allocations. Its public design linked network participation with Karma, a non-transferable reputation token. The project said users could earn Karma through activities such as staking SNT, bridging assets, using applications or contributing code, with Karma then used to influence funding decisions.
That plan changed on April 30, 2026, when Status announced that Status Network would not launch as a standalone L2 and that its codebase, research and tooling were intended to merge into the Linea ecosystem. The archived Status Network documentation now explicitly describes itself as obsolete. This makes the Linea integration a material dependency for anyone assessing the L2 thesis: future gasless execution, privacy tooling, migration arrangements and builder support depend on delivery within the Linea stack rather than on an independent Status chain.
Governance, users and dependencies
Status is aimed at users who want a wallet and messaging product without relying entirely on phone numbers, email accounts or a central social platform. Developers and community operators are another intended audience: the app provides community protocols, technical specifications and an open-source codebase that can be forked or extended. The product remains dependent on usable clients, Waku node participation, cryptographic key management, Ethereum and other supported networks, wallet integrations, bridges and any third-party services used for swaps or fiat on-ramps.
Control is distributed across several layers rather than governed by one mechanism. SNT can participate in selected token-weighted functions, community owners control local membership and moderation, developers maintain software repositories, and external networks provide settlement or infrastructure. This layered structure may improve flexibility, but it also means that the practical user experience can change through software releases, contract upgrades, network migrations or dependencies outside SNT governance.
What remains unproven
Status publishes technical specifications and maintains a vulnerability-reporting process, but those materials do not by themselves establish that every privacy, security or decentralisation property works under all operating conditions. The security page was last updated on May 15, 2024, so readers should distinguish the existence of a security process from a current independent assessment of the full app, wallet, messaging stack and associated contracts.
Key takeaways
- Status is primarily a privacy-oriented wallet and messaging application, not simply an ERC-20 token project.
- SNT supports selected curation, governance and access functions, but its utility varies by feature and is not equivalent to universal protocol control.
- Status Communities use Waku-oriented peer-to-peer messaging with encrypted channels and owner-controlled membership.
- Status Network will not launch as a standalone L2 under the April 30, 2026 plan; its technology is intended to merge into Linea.
- The main dependencies are client software, cryptographic key management, Waku participation, Ethereum and Linea infrastructure, bridges and third-party services.
Risks and open questions
- The Status Network merger creates execution and migration risk because the former standalone L2 thesis now depends on Linea integration.
- Privacy claims depend on implementation details, node availability, metadata handling, user settings and the behaviour of connected services; they should not be treated as guarantees.
- Community owners retain substantial control over membership, channels and moderation, which can limit the censorship-resistance users may expect from a peer-to-peer design.
- SNT utility may change because several uses are feature-specific or described by the project as possible future applications rather than settled protocol rights.
- Wallets, bridges, smart contracts, external networks and third-party providers introduce technical and operational dependencies beyond the SNT token contract.
YearBull Rank overview
Latest available YearBull Rank for status: #1116.
Rank change (daily snapshots).
Reading rule: lower is better in this ranking.
- 7d window (2026-09-14): #168 → #1116 (down by 948).
- 30d window (2026-08-22): #2602 → #1116 (up by 1486).
YearBull Rank is a relative ranking on YearBull designed to compare coins on a common scale and time window. It is meant for comparison and tracking, not certainty.
Risk angle: a calm line with small steps can be healthier than spikes. If the last week is quiet, the current rank is usually easier to trust.
Cycle framing: in rotations, improving rank can happen without price leadership. If both are flat, the coin may be tracking its peer basket.
Liquidity read: a steadier line can indicate steadier access. If the curve improves but won’t hold, treat it as flow-driven.
Market structure: venue mix can alter rank without changing the narrative. If rank can’t hold gains, it can be concentrated pressure.

