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Magic Eden (ME) is a decentralized marketplace primarily focused on non-fungible tokens (NFTs) on various blockchain networks. It allows users to buy, sell, and trade NFTs seamlessly, providing a platform for creators and collectors to engage in the growing digital asset space.
Tokemak (TOKE) is a decentralized liquidity protocol that aims to facilitate the efficient allocation of liquidity across various decentralized finance (DeFi) platforms. By allowing users to pool their assets and earn rewards, Tokemak enhances liquidity availability while providing a mechanism for users to control how and where their liquidity is utilized.