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Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on the Ethereum blockchain. It allows users to create and trade synthetic assets, which are blockchain-based assets that track the value of real-world assets like commodities, fiat currencies, and cryptocurrencies.
Avalanche (AVAX) is a decentralized platform designed to facilitate the creation and management of customized blockchain networks. It aims to provide high throughput, low latency, and secure transactions, enabling developers to build decentralized applications (dApps) efficiently.