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Immutable (IMX) is a layer-2 scaling solution specifically designed for non-fungible tokens (NFTs) on the Ethereum blockchain. It facilitates fast, secure, and gas-free transactions, making it easier for developers and users to create, trade, and manage NFTs without the high costs typically associated with Ethereum's main network.
Raydium (RAY) is a decentralized finance (DeFi) protocol built on the Solana blockchain that functions as an automated market maker (AMM) and liquidity provider for decentralized exchanges. It allows users to swap tokens, provide liquidity, and earn rewards through yield farming, leveraging the high throughput and low transaction fees of the Solana ecosystem.