The US Government to publish economic data onchain with the help of Chainlink and Pyth. This is the first move of its kind, putting official statistics directly on blockchain networks.

A New Step in Government Data Transparency

On August 28, 2025, the US Department of Commerce confirmed that it will begin publishing economic data onchain in partnership with blockchain oracle providers Chainlink and Pyth. The move is designed to improve transparency in government reporting and expand global accessibility to verified data.

Chainlink will deliver official statistics such as real gross domestic product (GDP), the personal consumption expenditures (PCE) price index, and real final sales to private domestic purchasers. According to the Bureau of Economic Analysis (BEA), these data feeds will be updated monthly or quarterly, aligned with the agency’s regular release schedule.

Meanwhile, Pyth Network has been selected to provide GDP data distribution. The platform will publish quarterly GDP releases, including historical data going back five years. Over time, Pyth expects to expand into additional datasets.

Economic Data Now Available Across Multiple Blockchains

The initiative ensures that US economic data will not only be recorded on Ethereum but also on other networks, including Bitcoin, Solana, Avalanche, Polygon, Stellar, TRON, Optimism, and Arbitrum. This multi-chain approach highlights the government’s intention to make economic data widely accessible.

The data is also being disseminated through major US crypto exchanges, including Coinbase, Gemini, and Kraken. Officials describe this as a step toward making “America’s economic truth immutable and globally accessible”.

Market Reactions to the Announcement

The news immediately impacted token markets. Pyth’s native token, PYTH, surged by more than 60%, rising from under $0.12 to highs of $0.20. Its daily trading volume jumped 2,700%, and its market capitalization crossed $1 billion, levels last seen in May.

Read more: How to Buy Pyth

Chainlink’s LINK token also saw a positive reaction, climbing by more than 5% following the announcement before stabilizing near $25. The token has gained over 60% since early August, supported by growing demand for its data services.

Read more: How to Buy Chainlink

Potential Applications for Blockchain and DeFi

Making economic data available onchain creates opportunities for both developers and financial platforms. Chainlink noted that automated trading strategies, real-time prediction markets, and risk management tools for decentralized finance (DeFi) protocols could all benefit from direct access to official government statistics.

Stablecoins, tokenized government bonds, and real-world asset products (RWAs) could also see expanded functionality by incorporating verifiable economic data. For example, lending protocols could adjust interest rates based on GDP figures, while prediction markets could integrate inflation expectations through the PCE index.

Pyth highlighted that the initiative strengthens the integrity and accessibility of economic data, providing a transparent foundation for both enterprise and public use.

Global Context and Outlook

The decision by the US government follows a growing trend in other jurisdictions. Lawmakers in the Philippines, the United Kingdom, and El Salvador have proposed similar measures to bring public financial data onchain. These efforts underline a broader shift toward leveraging blockchain for transparency and accountability.

While the scope of this initiative is currently limited to macroeconomic datasets, it signals the potential for further integration of government data with blockchain infrastructure in the future.

Closing Thoughts

By tapping Chainlink and Pyth to publish economic data onchain, the US Government is introducing a new model of transparency. Key indicators such as GDP and the PCE price index are now accessible across multiple blockchain networks, opening the door to innovative applications in both traditional finance and DeFi. The market’s quick response to PYTH and LINK underscores the importance of this development, as blockchain technology becomes further embedded into the reporting of economic realities.