US EditionU.S. Government Starts Pushing Economic Data Onto Blockchains as 'Proof of Concept'
The U.S. Department of Commerce uses oracle services to publish quarterly GDP data on nine blockchains, enhancing transparency and reducing data manipulation risks, officials said.
- On August 28, 2025, the United States Department of Commerce posted the official hash of quarterly GDP across multiple blockchains, selecting Pyth Network to verify and distribute this economic data on-chain.
- As part of efforts to modernize data infrastructure, the U.S. Department of Commerce framed the on-chain publication as a way to boost transparency, prevent tampering, and make government data more accessible.
- Market reaction was immediate as PYTH surged 60–70% to about $0.20 following the Department of Commerce's blockchain data integration announcement.
- Verified government data will support prediction markets and tokenized assets, broadening DeFi applications, the U.S. Department of Commerce said, potentially boosting institutional investors' demand.
- Going forward, the Department plans to expand on-chain datasets beyond GDP to include employment, inflation, and trade balances, making on-chain data a standard practice with possible support for other blockchain networks, officials said.
34 Articles
34 Articles
US GDP Goes On Blockchain Immutable Data For Global Access
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PYTH Network Rallies 120% as US Economic Data Enters Blockchain Era
PYTH surged 120% after the US Commerce Department announced the integration of economic data on blockchain. Technical analysis suggests potential for PYTH to reach $0.50 if resistance breaks. The Pyth Network token surged significantly after the news of the groundbreaking government blockchain adoption was announced this week. The decentralized oracle platform shot up following official announcements of the integration of US economic data. Acco…
US Department of Commerce Puts Macro Data on Chain, Boosting Bitcoin Hyper Use Case
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US government further expanded its venture into DeFi by publishing its economic data on-chain via a partnership with Pyth and Chainlink oracles. This signals growing adoption of blockchain technology and another step towards the continued evolution of the crypto market. At... The post US Department of Commerce Puts Macro Data on Chain, Boostin…
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