UnMarshal PriceMARSHInactive

What is UnMarshal (MARSH)?

UnMarshal (MARSH) is a multi-chain DeFi network of indexers that provides seamless access to blockchain data for decentralized finance applications. It delivers rich, meaningful, and reliable data through decentralized network nodes, catering to the "Data Agenda" of various blockchains. The project is a chain-agnostic blockchain protocol consisting of a network of blockchain indexes designed to curate and transform data. Data is served in multiple formats including APIs, Websockets, GraphQL, and Notifications, removing the need for application developers to decode unstructured data into their native applications. UnMarshal offers a Golang SDK and a TypeScript library to simplify access to its APIs. According to CoinDesk, MARSH is issued as an ERC20 token on Ethereum and as a BEP20 token on BNB Chain. Total supply is 100,000,000 MARSH, with approximately 67.64 million tokens in circulation. UnMarshal launched in 2021, with the ERC20 token going live on Ethereum on March 16, 2021 and the BEP20 token on BNB Chain on April 3, 2021. The project later evolved from a centralized data service into a decentralized indexer network, which officially went live on March 31, 2025.

Key Specifications & Tokenomics

• Name: UnMarshal
• Ticker / Symbol: MARSH
• Blockchain / Platform: Ethereum (ERC20), BNB Chain (BEP20)
• Token Standard: ERC20, BEP20
• Decimal Places: 18
• Total Supply: 100,000,000 MARSH
• Max Supply: Not fixed per CoinDesk (∞); CoinMarketCap lists no max supply.
• Circulating Supply: Approximately 67.64 million MARSH
• Contract Address (ERC20): 0x5a666c7d92E5fA7Edcb6390E4efD6d0CDd69cF37
• Contract Address (BEP20): 0x2fa5daf6fe0708fbd63b1a7d1592577284f52256
• Block Explorers: Etherscan (ERC20), BscScan (BEP20)
• Source Code: https://github.com/eucrypt
• Official Website: https://unmarshal.io/
• Whitepaper / Docs: https://docs.unmarshal.io/
• Official Announcements: https://t.me/Unmarshal_Announcements
• Community: https://t.me/Unmarshal_Chat ; https://twitter.com/Unmarshalai
• Categories: AI & Big Data, DeFi, Cross-Chain Infrastructure, Data Service, DWF Labs Portfolio
• CertiK Rating: 3.7 (as listed on CoinMarketCap; the scale and methodology are defined by CertiK).

Who created UnMarshal?

Manohara K. is the founder and CEO of UnMarshal. Manohar Shetty is listed as co-founder and is also associated with Eucrypt Technologies Pvt. Ltd. Their backgrounds are in technology and blockchain. Before starting UnMarshal, Manohara K. worked as a back-end consultant for several DeFi projects and encountered the limitations of existing data solutions, which inspired the creation of UnMarshal. Nishanth Shankar Ram is also part of the UnMarshal team and has represented the project in public AMA sessions. UnMarshal raised $2.6 million in March 2021, with a seed round reported by FundedIQ and seed/private rounds dated March 19, 2021, with backing from investors including AscendEX, Woodstock, Black Edge Capital, NGC Ventures, GBV Capital, AU21 Capital, Spark Digital Capital, Zokyo, Altonomy, X21 Digital, Brilliance Ventures, ExNetwork Capital, Amesten Capital, and Particle XYZ. Public sales were conducted on Polkastarter with a $204,000 hard cap and on ZeeDO with a $25,000 hard cap, both on March 30, 2021. The company is based in Bangalore, India, according to FundedIQ.

How does UnMarshal work?

UnMarshal operates as a decentralized network of blockchain data indexers and transformation tools that power DeFi applications on any chain. The protocol consists of a network of blockchain indexes that curate and organize data from multiple chains. Data consumers stake MARSH tokens to access infrastructure services, while indexers stake MARSH tokens to become node operators responsible for providing indexing and query processing. The network delivers data through various formats including APIs, Websockets, GraphQL, and Notifications, allowing developers to integrate blockchain data into their applications without the burden of decoding raw, unstructured data. UnMarshal is chain-agnostic, meaning it can serve data across different blockchain networks. UnMarshal introduced RAG for AI-powered blockchain insights on February 13, 2025. The decentralized network officially went live on March 31, 2025, marking a significant milestone in the project's evolution from a centralized service to a decentralized protocol.

What makes UnMarshal unique and valuable?

UnMarshal distinguishes itself through its chain-agnostic architecture, enabling it to serve data across multiple blockchain networks without being tied to a single ecosystem. The network provides rich, meaningful, and reliable access to data through decentralized nodes, eliminating the need for developers to manually decode unstructured data. UnMarshal states that its network reduces the need for developers to decode unstructured data. The platform supports multiple data formats including APIs, Websockets, GraphQL, and Notifications, offering flexibility for different use cases. The Golang SDK and TypeScript library further simplify integration for developers. Additionally, the project's focus on the "Data Agenda" of various blockchains addresses a critical need in the DeFi ecosystem for reliable, structured, and easily accessible on-chain data. As with any crypto asset, MARSH is subject to significant market volatility, and the value of the token can decline substantially.

What is UnMarshal used for?

MARSH is the utility token that powers UnMarshal's network and incentivizes network contributors such as node runners and indexers. The token has three primary use cases. First, payment: data consumers using the infrastructure stake MARSH tokens to access infrastructure services. Second, staking: indexers stake MARSH tokens to become node operators, enabling them to provide indexing and query processing services. Third, reward: other network contributors earn MARSH tokens as rewards for contributing their services to the network. This creates a circular economy where token holders can participate in the network's operation and governance while being compensated for their contributions. The token serves as the economic backbone of the UnMarshal ecosystem, aligning incentives between data consumers, node operators, and other network participants.

How Is the UnMarshal ecosystem developing?

UnMarshal has continued to expand its ecosystem, most notably with the introduction of RAG for AI-powered blockchain insights on February 13, 2025 and the go-live of its decentralized network on March 31, 2025.

How to mine UnMarshal?

UnMarshal does not use traditional mining like proof-of-work blockchains. Instead, the network operates on a staking-based model. Indexers stake MARSH tokens to become node operators and provide indexing and query processing services to the network. These node operators are responsible for curating and delivering blockchain data to data consumers. Other network contributors can also earn MARSH tokens as rewards for contributing their services. Data consumers stake MARSH tokens to access the infrastructure services provided by the network. This creates a participatory ecosystem where token holders can actively contribute to the network's operation and earn rewards. The decentralized network officially went live on March 31, 2025, enabling broader participation from node operators and indexers. To participate, users typically need to acquire MARSH tokens, stake them according to the network's requirements, and fulfill the responsibilities of a node operator or contributor. Detailed staking requirements and reward structures are available through the project's official documentation.

How to keep your UnMarshal Coin safe?

Keeping your MARSH tokens safe requires following standard cryptocurrency security practices. Since MARSH is an ERC20 token on Ethereum and a BEP20 token on BNB Chain, you can store it in compatible wallets that support these standards. Hardware wallets provide the highest level of security by keeping your private keys offline and away from potential online threats. When using software wallets, ensure you download them from official sources and keep your recovery phrase securely backed up in a physical location, never sharing it with anyone. Be cautious of phishing attempts, fake websites, and social media scams that may try to steal your credentials. Always verify contract addresses before interacting with any token or smart contract. Since UnMarshal's contract addresses are publicly available, double-check that you are interacting with the correct contract. Consider using multiple wallets to diversify risk and avoid keeping large amounts of tokens on exchanges or in hot wallets. Regularly update your wallet software and device operating systems to protect against known vulnerabilities. Enable two-factor authentication where available and remain vigilant about the latest security best practices in the cryptocurrency space.