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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.
Optimism (OP) is a Layer 2 scaling solution built on the Ethereum blockchain that aims to enhance transaction speed and reduce costs. By utilizing optimistic rollups, it allows for faster and more efficient processing of transactions while maintaining the security and decentralization of Ethereum.