In 2021, Unmarshal (MARSH) was introduced to address the challenge of seamless access to blockchain data for DeFi applications. As a multi-chain DeFi network for indexers, Unmarshal plays a crucial role in providing rich, meaningful, and reliable access to blockchain data through distributed network nodes.
As of 2025, Unmarshal has become an essential infrastructure for DeFi applications, offering data in various formats such as API, WebSockets, GraphQL, and notifications. Its utility token, MARSH, powers the network and incentivizes contributors such as node operators and indexers.
Unmarshal was created in 2021 to solve the problem of efficient blockchain data access for DeFi applications. It emerged during the DeFi boom, aiming to streamline data retrieval and processing for developers. Unmarshal's launch brought new possibilities for DeFi projects and blockchain data analysts.
Supported by its community and development team, Unmarshal continues to optimize its technology, security, and real-world applications in the blockchain data indexing space.
Unmarshal operates on a network of distributed nodes worldwide, free from centralized control. These nodes collaborate to index and provide blockchain data, ensuring system transparency and resilience while empowering users with efficient data access.
Unmarshal's infrastructure interacts with multiple blockchains, indexing their data into a easily accessible format. This indexed data is made available through various APIs and services, creating a bridge between raw blockchain data and DeFi applications.
Unmarshal uses a network of indexers who stake MARSH tokens to become node operators. These indexers provide indexing and query processing services, maintaining network integrity. They are rewarded with MARSH tokens for their contributions, incentivizing fair and accurate data provision.
Unmarshal utilizes blockchain security principles for its operations:
This mechanism ensures secure and reliable data provision while maintaining the integrity of the Unmarshal network.
As of November 28, 2025, MARSH has a circulating supply of 66,842,378.860617556 tokens, with a total supply of 99,200,000.
MARSH reached its all-time high of $11.89 on March 30, 2021. Its lowest price was $0.00300396, occurring on November 28, 2025. These fluctuations reflect market sentiment, adoption trends, and external factors.
Click to view the current MARSH market price

Unmarshal's ecosystem supports various applications:
Unmarshal has established partnerships with node contributors and indexers, enhancing its technical capabilities and market influence. These partnerships provide a solid foundation for Unmarshal's ecosystem expansion.
Unmarshal faces the following challenges:
These issues have sparked discussions within the community and market, driving Unmarshal's continuous innovation.
Unmarshal's community is active, with 4,088 token holders as of November 28, 2025. On X platform, posts and hashtags related to Unmarshal (such as #MARSH) occasionally gain traction. New features and updates in data indexing capabilities tend to ignite community enthusiasm.
Sentiment on X shows a mix of opinions:
Recent trends show a cautious sentiment due to the token's price decline.
X users discuss Unmarshal's role in DeFi data infrastructure, its token utility, and its performance compared to other data indexing solutions.
Unmarshal is redefining blockchain data access through its multi-chain DeFi network, offering transparency, reliability, and efficient data querying. Its active community, rich resources, and focus on DeFi data infrastructure set it apart in the cryptocurrency domain. Despite facing challenges such as market volatility and competition, Unmarshal's innovative spirit and clear roadmap position it as a notable player in the decentralized technology future. Whether you're a newcomer or an experienced player, Unmarshal is worth watching and participating in, especially for those interested in DeFi and blockchain data solutions.
In crypto context, 'marsh' isn't a common slang. It might be a typo or misunderstanding. Perhaps you meant 'MASH' or another crypto term?
MARSH is a decentralized finance (DeFi) protocol that aims to provide innovative financial services and yield optimization strategies in the crypto ecosystem.
Marsh is a global insurance brokerage and risk management company. It provides advisory and digital solutions for businesses and individuals worldwide.
No, a marsh is not exactly the same as a swamp. While both are wetlands, marshes have more grasses and fewer trees compared to swamps, which are dominated by woody plants and trees.
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