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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.
Injective (INJ) is a decentralized protocol designed to facilitate the creation of decentralized finance (DeFi) applications and trading platforms. It enables users to access a fully decentralized trading environment, offering features such as order book trading, derivatives, and various financial instruments without the need for intermediaries.