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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.
Alephium (ALPH) is a blockchain platform designed to provide a scalable and efficient environment for decentralized applications and smart contracts. It utilizes a unique sharding technology that enhances transaction throughput while maintaining security and decentralization.