Blockchain Meets GDP: U.S. Gov Launches Onchain Economic Era

The U.S. Department of Commerce has taken a historic step by partnering with blockchain infrastructure providers Chainlink and Pyth Network to publish official economic data onchain, marking a significant advancement in the integration of public data infrastructure with decentralized technologies. This initiative, the first of its kind in the United States, will make key macroeconomic statistics—including Real GDP, the PCE Price Index, and Real Final Sales to Private Domestic Purchasers—accessible via Chainlink Data Feeds and Pyth Network across ten blockchain networks, including Ethereum , Avalanche , and Optimism . These datasets, which include both absolute levels and annualized percentage changes, will be updated monthly or quarterly, aligning with the schedules of traditional economic data releases [2].

Chainlink’s native token, LINK, surged over 5% in the wake of the announcement, while Pyth’s token, PYTH, saw a nearly 50% rise. Chainlink emphasized that the availability of U.S. government data on blockchain networks opens the door to innovative applications in DeFi and other blockchain sectors. For instance, lending protocols could adjust interest rates in real-time based on economic trends, while prediction markets might leverage the PCE Index to crowdsource inflation forecasts. The move is expected to foster greater transparency, composability, and accessibility of critical macroeconomic indicators [2].

Pyth Network is also participating in the initiative, with plans to initially release quarterly GDP data extending back five years. The firm noted that this effort could eventually expand to other datasets and is part of a broader push to bring economic data to onchain environments. By doing so, Pyth and Chainlink are helping to modernize how official data is shared, making it more tamper-proof and transparent. The project also aims to create new opportunities for developers to build blockchain-based applications that respond to real-world economic conditions [2].

The initiative aligns with broader efforts by the U.S. government to embrace blockchain technology for public data distribution. Howard Lutnick, Secretary of the Department of Commerce, highlighted the importance of this project in positioning the United States as a global leader in finance. He emphasized that the move represents a foundational step in rebuilding the country’s data infrastructure, leveraging the security and interoperability offered by blockchain to enhance public accountability and data integrity [2].

Chainlink has been actively engaging with U.S. policymakers, including the Securities and Exchange Commission, to clarify how blockchain infrastructure can fit within existing regulatory frameworks. The company also supports the GENIUS Act, which aims to establish legal clarity for tokenized assets and smart contract use in the U.S. By bringing economic data onchain, Chainlink is further solidifying blockchain’s role in handling mission-critical data, offering transparency and composability that traditional systems struggle to match [2].

This collaboration not only reflects the growing institutional recognition of blockchain’s potential but also underscores the shifting regulatory landscape in the U.S. under the leadership of President Donald Trump, who has championed the U.S. as the global crypto capital. The initiative sets a precedent for other federal agencies to adopt similar approaches, potentially transforming how economic data is disseminated and utilized in the digital economy [2].

Source: [1] Chainlink Price, LINK Price, Live Charts, and Marketcap [2] Chainlink and Pyth Selected to Deliver U.S. Economic Data ...