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Memcached is designed for boosting site load times by caching the database information of a website or app. It’s a highly effective distributed memory object caching platform, allowing for data and objects to be stored within the RAM as an alternative for being loaded whenever a page is loaded, it also refreshes the cache whenever any data in the database is updated.
Varnish is a HTTP acceleration tool that enables websites to load much faster by storing them within the server memory. Once a page has been opened up by a visitor, it won’t need to be sent from the server anymore, which in turn reduces the amount of resources needed and also speeds up your website. It’s been proved that Varnish reduces load times with a factor of 300 – 1000x.