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5h ago

Commerce Department Puts U.S. Economic Data On-Chain With Pyth and Chainlink

The pilot seeks to make BEA statistics tamper‑evident for smart contracts.

Pyth Network Soars 76% As US Government Puts GDP Data Onchain, Bitcoin Nears $110K As CRO, HYPE, ETH, And XRP Plunge: Market Wrap
U.S government taps blockchain - Here's why PYTH's price rallied and LINK's didn't!
Pyth
US Department of Commerce

Overview

  • Chainlink is publishing six BEA indicators, including real GDP and the PCE Price Index, across multiple blockchain networks with monthly or quarterly updates.
  • Pyth Network will distribute five years of verified quarterly U.S. GDP figures on-chain as the initial dataset with plans to broaden coverage.
  • The Department of Commerce posted official GDP release hashes across major chains such as Bitcoin, Ethereum, Solana, Avalanche, Polygon, Optimism, Tron, Arbitrum, and Stellar.
  • Coinbase, Kraken, and Gemini assisted with the initial release to widen access to the authenticated records.
  • PYTH rallied roughly 60–70% with trading volumes surging and market capitalization topping $1 billion following the announcement, while longer‑term governance and rollout details remain under development.