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Commerce Department Puts BEA Data On-Chain, Taps Pyth and Chainlink

The move aims to create immutable, machine‑readable BEA records for smart contracts.

Overview

  • The department posted a SHA256 hash of the Q2 2025 GDP release and the topline figure across Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS and Optimism, with Coinbase, Kraken and Gemini facilitating publication.
  • Pyth Network was designated to verify and distribute historical GDP on-chain and will begin by publishing five years of quarterly U.S. GDP data before expanding to additional macro datasets.
  • Chainlink is publishing six BEA indicators, including real GDP and the PCE Price Index, across ten networks such as Ethereum, Arbitrum, Base, Avalanche, Optimism, ZKsync, Linea, Mantle, Sonic and Botanix.
  • PYTH rose sharply after the announcement, with market capitalization topping roughly $1 billion as spot volume and derivatives open interest spiked, while LINK’s price reaction was comparatively muted.
  • Commerce Secretary Howard Lutnick said the effort makes U.S. economic data immutable and globally accessible, and a White House release quoted Douro Labs CEO Mike Cahill, as governance and upstream data verification details are still being finalized.