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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.
Neo (NEO) is a blockchain platform designed to enable the development of digital assets and smart contracts. Often referred to as 'Ethereum of China', Neo aims to create a distributed network for the smart economy by integrating digital identities and assets with smart contracts on its blockchain.