According to Dave (@ItsDave_ADA), the use of a Mithril snapshot significantly speeds up the synchronization process of blockchain relays. This method allows for quicker node setup, which can be crucial for traders requiring fast and efficient transactions. The synchronization was completed in a short time, highlighting Mithril's potential to enhance network performance for trading activities.

According to @ai_9684xtpa, a snapshot is taken every 24 hours, with the latest snapshot being the most relevant for trading decisions.