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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.
NEM (XEM) is a blockchain platform designed for enterprise solutions, focusing on security, speed, and scalability. It employs a unique consensus mechanism called Proof-of-Importance (PoI), which incentivizes active participation in the network and rewards users based on their overall contribution to the ecosystem.