Unmarshal introduces a groundbreaking blockchain data protocol that will revolutionize the DeFi industry by providing smart data solutions for applications. With its solution, the DeFi economy will be able to extract rich and structured data across multiple chains like Binance Smart Chain, Ethereum, Polygon, Kadena, Celo, Klaytn, Cronos, Velas, Arbitrum, Avalanche, Xinfin, Zilliqa, Solana, Fantom, Aurora, and Fuse, all with increased scalability.
In 2008, when Satoshi Nakamoto introduced Bitcoin and Blockchain technology, the data generated and adoption were limited. However, the technology has since evolved, and cryptocurrencies now have a market valuation of over $1 trillion. The introduction of Ethereum in 2015 allowed developers to create smart contract programs on the Ethereum chain, further increasing adoption and introducing the world to DeFi protocols that would change the landscape of financial borrowing and lending with the elimination of traditional banks.
As the decentralized finance industry continues to grow, there is a need for a robust data access layer. The current data infrastructure is unable to support the rapidly growing DeFi ecosystem, and there is a lack of a data infrastructure layer to provide consistent access to rich on-chain data. Oracles currently provide data from off-chain sources, but a decentralized network is required to ensure reliable and consistent access to on-chain data.
“Unmarshal is solving important problems for Developers and allowing Dapps to build superlative DeFi and blockchain experiences for their users. We’re excited to have Unmarshal onboard to help scale Ethereum with Polygon”- Sandeep Nailwal, COO and CoFounder, Polygon
Current problems plaguing the DeFi sector
The DeFi industry is in dire need of disruptive solutions that can cater to the growing needs of the ecosystem. The data infrastructure is a critical component of the DeFi space and needs to be developed to support the innovation that is taking place. Unmarshal’s blockchain data protocol is the solution that the DeFi industry has been waiting for, promising to bring a new level of innovation and scalability to the industry.
As a decentralized data indexing protocol that aims to provide efficient and scalable access to on-chain data for DeFi applications. With the current DeFi landscape experiencing rapid growth and innovation, there is a need for a robust data infrastructure to support the development of DeFi applications.
If words don’t make the cut, the numbers below will surely speak for themselves:
The current solutions for accessing on-chain data are centralized, making them difficult to scale and prone to failures. Additionally, these solutions do not cater to the specific needs of DeFi applications, making it challenging for developers to access relevant information in a dynamic and rapidly changing environment.
Unmarshal solves these problems by providing a decentralized network of blockchain indexers that curate customized data for DeFi applications. Being chain-agnostic, Unmarshal works flawlessly with Ethereum, Binance Smart Chain, Polygon, Solana, and others, making it possible to access on-chain data from multiple chains.
Unmarshal further aims to provide efficient and scalable access to on-chain data, making it easier for developers to build DeFi applications. With its advanced solution, the network provides rich data in various formats, including APIs, historical data, data streams, and push notifications, making it easier for developers to convert data into meaningful formats.
USP of Unmarshal & why it is a game changer within the larger ecosystem:
Unmarshal offers several key attributes that are essential for the fast-paced decentralized economy with a wide range of product offering to suit user needs.
The following is what makes them take the crown home:
- Fully indexed blockchain data: This allows users to keep track of their wallet balances and transactions across multiple chains, including Ethereum, Binance Smart Chain, and Polygon. Making it easier for developers to build dApps that can retrieve data from multiple chains and be truly chain agnostic
- Structured Data: Unmarshal provides structured data that makes it easier for developers to access and use the data for building decentralized applications. Raw and unstructured on-chain data can be difficult to work with, but Unmarshal presents the data in a structured format that is accurate, reliable, and valuable.
- Multi-Chain Operability: With Unmarshal, developers can access data from multiple chains, making it easier to build applications that can operate across different blockchain networks. This is essential for the growth and adoption of DeFi applications.
- Comprehensive SAAS Solutions: Unmarshal also offers a range of solutions that make it easier for developers to access and use on-chain data. This includes projecting data into multiple formats such as GraphQL, WebSockets, and Notifications, which can help to simplify data access and make it more efficient.
- Democratized Governance: Unmarshal has its own governance portal and the data provided in the form of APIs is completely handled by the internal team. If advanced users want to take data tooling and data enquiry to the next level, they can use the Parser tool, which allows users to index any given smart contract and allowing them to deploy and gather data from their own indexers
- Automated Indexing: Unmarshal uses automated indexing to index on-chain data from multiple chains for DeFi protocols. This allows clients to choose the cost-sharing model that best suits their needs, making it easier for them to index new protocols and chains.
Additionally, Unmarshal’s price index APIs allow developers to track historical price data for all CoinGecko-supported symbols.
$MARSH Utility & Tokenomics:
$MARSH is the utility token that powers the Unmarshal data ecosystem and incentivizes network contributors such as node runners and indexers. The tokenomics and distribution of $MARSH have been designed to ensure the long-term sustainability of the network
$MARSH token distribution:
Total Supply: Capped at 100M $MARSH
- Seed: 5%
- Private: 12%
- Public: 1.20%
- Staking Rewards: 20%
- Ecosystem: 25%
- Marketing: 6.8%
- Reserves: 10%
- Team: 20%
$MARSH, is public and listed on exchanges such as KuCoin, Pancakeswap, and Uniswap.
Unmarshal’s project roadmap for 2023 also looks solid and poised to enhance the overall product offering across the board
Conclusion
The idea for Unmarshal was born when CEO, Manohar, was trying to query data from the blockchain. He quickly realized how difficult of a task it was especially considering the chain architecture and amount of unindexed data. dApps building on the blockchain also face a similar problem – they need backend data to power their applications but it takes time, cost, and effort to maintain an indexed repository of on-chain data. Unmarshal fills this gap.
Unmarshal’s decentralized data extraction, collection, and transformation solution addresses the current issue of data accessibility in the DeFi industry. The data available on Blockchain applications and dApps is limited, compared to the vast amount of data available on the internet. Unmarshal aims to change this by creating a new wave of evolution in the DeFi industry by making data more accessible and useful for decentralized applications.
The network’s key data building blocks will help to create a more robust and functional decentralized ecosystem, which will lead to the widespread adoption of DeFi applications. Unmarshal as an on-chain data query tool will also promote democratization and transparency in the data ecosystem.
Overall, Unmarshal Network’s decentralized data extraction, collection, and transformation solution is a critical step in the evolution of the DeFi industry and will help to drive the widespread adoption of decentralized applications across chains.