A federal agency, the U.S. Department of Commerce, is publishing statistical economic data on the blockchain for the first time ever, tapping Chainlink (LINK) and Pyth Network (PYTH) to help.
According to the Department, the blockchain oracles are helping the Department publish the 2025 second quarter gross domestic product (GDP) data on Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and more.
“The Department published an official hash of its quarterly GDP data release for 2025—and, in some cases, the topline GDP number—to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
The data was also further disseminated through coordination with the oracles, Pyth and Chainlink. The exchanges, Coinbase, Gemini, and Kraken, helped facilitate the Department’s publishing.
The Department will continue to innovate and broaden the scope of publishing future datasets like GDP to include the use of other blockchains, oracles, and exchanges.”
Says U.S. Secretary of Commerce Howard Lutnick of the Department’s blockchain milestone,
“We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world. And everybody has to admit that 3.3% GDP growth is impressive.”
Chainlink announced in a blog post that it is partnering with the U.S. Department of Commerce (DOC) to bring key government macroeconomic data on-chain from the Bureau of Economic Analysis (BEA).
Using Chainlink Data Feeds, the initiative will securely deliver critical U.S. economic metrics, including Real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers.
“Bringing U.S. government data [on-chain] unlocks innovative use cases for blockchain markets,” Chainlink wrote.
Pyth will focus on publishing annual gross domestic product (GDP) data, providing a clear measure of the nation’s total economic output. “Pyth is honored to have been selected as a critical component in this initiative. Without question, this marks a critical step forward in the public sector’s embrace of decentralized infrastructure,” Pyth wrote in a blog post.
The announcement follows U.S. Commerce Secretary Howard Lutnick’s recent statement that the Department of Commerce intends to publish key economic statistics on the blockchain. Speaking at a White House cabinet meeting on Tuesday, Lutnick informed President Donald Trump and other officials of the department’s plans to make its data accessible on-chain.
Recently, Google Cloud advanced into blockchain infrastructure with the development of a Layer 1 Blockchain platform, the Google Cloud Universal Ledger (GCUL). The system is designed for financial institutions and aims to support tokenized assets, settlements and Python-based smart contracts.
Pyth Network’s native token PYTH is trading for $0.202 at time of writing, up 72% in the last 24 hours. LINK, meanwhile, is only up 2% in the last 24 hours, trading for $24.70 at time of writing.
