U.S. Commerce Dept. Moves $27T Economy Onchain with Chainlink, Pyth
Big news! The US Department of Commerce is now publishing official economic data directly on blockchain networks.
Quick overview
- The US Department of Commerce is now publishing official economic data on blockchain networks in collaboration with Chainlink and Pyth Network.
- Key indicators like GDP and inflation will be released through Chainlink's infrastructure, providing verified data for decentralized applications.
- Pyth Network will distribute five years of verified quarterly GDP data across over 100 blockchains, enhancing real-time access to macroeconomic indicators.
- This initiative aims to improve financial tools and set a precedent for the use of public data in digital economies.
Big news! The US Department of Commerce is now publishing official economic data directly on blockchain networks. Working with oracle providers Chainlink and Pyth Network, this effort will make macroeconomic data more transparent, accessible and usable for decentralized applications.
The Bureau of Economic Analysis (BEA) will release six key indicators through Chainlink’s infrastructure. These include GDP, inflation and consumer spending numbers so developers have a verified data source for financial products.
Indicators live onchain:
- Real GDP (Level and Percent Change)
- PCE Price Index (Level and Percent Change)
- Real Final Sales to Private Domestic Purchasers (Level and Percent Change)
These will be updated monthly or quarterly and distributed across 10 blockchain networks: Ethereum, Arbitrum, Base, Avalanche, Optimism, Mantle, Linea, ZKsync, Sonic and Botanix.
Chainlink Powers Data Feeds
Chainlink, used for connecting real-world data to smart contracts, is providing the infrastructure for secure and verifiable delivery of BEA datasets. By publishing government-vetted numbers like GDP growth rates and inflation data, Chainlink is enabling developers and institutions to build more complex decentralized finance (DeFi) products.
🚨 BIG MOVE: @chainlink PARTNERS WITH U.S. COMMERCE DEPARTMENT
Official GDP, PCE & macro data now live onchain across 10 blockchains.
A turning point for DeFi + tokenization 👇https://t.co/nReYR4DqOD
— BSCN (@BSCNews) August 29, 2025
Use cases:
- Inflation-linked tokens that adjust based on PCE data
- Prediction markets built on official GDP releases
- Tokenized assets pegged to macroeconomic benchmarks
- Automated trading strategies using real-time indicators
This adds to Chainlink’s position as the bridge between traditional finance and blockchain-based systems, opening up opportunities for DeFi protocols and institutional users.
Pyth Expands Onchain GDP
Pyth Network will complement this by distributing 5 years of verified quarterly GDP data across its infrastructure which spans over 100 blockchains and supports over 600 dApps.
Pyth will gradually add more macroeconomic indicators in collaboration with federal agencies. This could mean data like employment, industrial production and consumer confidence will be available to developers in real time.
By putting official datasets onchain, the Commerce Department is putting the US at the intersection of government transparency and blockchain innovation. This will not only improve financial tools but set a precedent for how public data can be used in digital economies.
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