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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.
WAX (WAXP) is a blockchain-based platform designed to facilitate the buying, selling, and trading of virtual goods, particularly in the gaming and digital collectibles sectors. It aims to provide a decentralized marketplace that enhances the user experience by allowing seamless transactions and ownership verification through smart contracts.