ExchangeDEX+

Buy Crypto Markets Spot Futures500X Earn Events

The U.S. Department of Commerce has launched a major blockchain initiative by using Chainlink and Pyth Network to publish official economic data onchain. The U.S. government has started publishing key economic indicators onchain. The initiative, led by the Department of…The U.S. Department of Commerce has launched a major blockchain initiative by using Chainlink and Pyth Network to publish official economic data onchain. The U.S. government has started publishing key economic indicators onchain. The initiative, led by the Department of…

Chainlink and Pyth bring U.S. government economic data onchain

2025/08/29 14:35

The U.S. Department of Commerce has launched a major blockchain initiative by using Chainlink and Pyth Network to publish official economic data onchain.

Summary

Chainlink and Pyth Network have been selected to bring verified U.S. economic data onchain.
Chainlink is publishing 6 key macroeconomic indicators from the Bureau of Economic Analysis, including real GDP and the PCE Price Index, across ten major blockchain networks.
Pyth Network will initially publish 5 years of quarterly U.S. GDP data onchain and plans to expand to additional datasets.

The U.S. government has started publishing key economic indicators onchain. The initiative, led by the Department of Commerce, leverages the infrastructure of two major oracle providers—Chainlink (LINK) and Pyth Network (PYTH).

How Chainlink brings U.S. economic data onchain

Chainlink now publishes macroeconomic data from the Bureau of Economic Analysis (BEA) onchain through its secure, enterprise-grade infrastructure.

The data includes 6 major indicators:

Real GDP (Level)
Real GDP (Percent Change, Annual Rate)
PCE Price Index (Level)
PCE Price Index (Percent Change, Annual Rate)
Real Final Sales to Private Domestic Purchasers (Level)
Real Final Sales to Private Domestic Purchasers (Percent Change, Annual Rate)

These datasets will be updated monthly or quarterly and made available across ten blockchain ecosystems including Ethereum, Arbitrum, Base, Avalanche, Mantle, Optimism, ZKsync, Linea, Sonic, and Botanix. This allows developers, financial institutions, and DeFi protocols to integrate reliable economic data into applications such as inflation-linked products, tokenized assets, prediction markets, and automated trading strategies. The published indicators are expected to expand over time based on public and government demand.

Pyth to publish verified GDP data onchain

Pyth Network has also been tapped to bring official GDP data onchain. Following close collaboration with Secretary of Commerce Howard Lutnick and the Department of Commerce, Pyth will begin by publishing five years’ worth of quarterly U.S. GDP figures.

The data will be verifiably distributed across Pyth’s infrastructure, which spans over 100 blockchains and supports more than 600 decentralized applications. Over time, Pyth anticipates expanding its offerings to include a broader set of macroeconomic indicators in partnership with government agencies.

Market Opportunity

Pyth Network Price(PYTH)

$0.06025

$0.06025$0.06025

-0.31%

USD

Pyth Network (PYTH) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.