The U.S. government is taking a groundbreaking step towards enhanced transparency and data accessibility by partnering with blockchain oracle platforms Chainlink and Pyth Network to publish official economic indicators directly on public blockchains. This initiative, part of the Trump administration’s push for greater governmental openness, will stream real-time federal economic data like GDP and PCE (personal consumption expenditures) on decentralized networks for the first time.
This move aims to reduce the risk of data manipulation and provide faster, tamper-resistant access to key statistics for markets. Chainlink, which will provide data feeds from the Bureau of Economic Analysis (BEA), including GDP, PCE, and real final sales to private domestic purchasers, has emphasized its commitment to adding additional datasets upon request from federal agencies or market participants.
The BEA reported U.S. GDP at an annualized $28.3 trillion in Q2 2025, while the PCE index climbed 2.5% year-on-year. These figures will now be readily available to blockchain applications without intermediaries.
Separately, the Department of Commerce tapped Pyth Network to publish GDP data onchain, marking a significant step towards decentralized economic data distribution. Pyth is backed by over 100 institutional publishers and boasts experience delivering price feeds for equities, commodities, and cryptocurrencies across various blockchains. This latest role reflects its commitment to expanding access to real-time market information.
Bringing government macroeconomic data onchain aims to foster broader transparency and accountability while opening new opportunities in the cryptocurrency realm. Chainlink believes this initiative could enable automated trading strategies, prediction markets, and risk management tools for decentralized finance protocols. Stablecoins, tokenized government bonds, and other financial products that rely on economic benchmarks are expected to benefit from this move. Galaxy Research analysts highlighted potential applications like automated stablecoin supply adjustments and smart-contract-based lending rates relying on BEA data for increased precision and accuracy.
This initiative aligns with similar efforts in other jurisdictions, including proposals by lawmakers in the Philippines, United Kingdom, and El Salvador to publish budget data and economic indicators on blockchain networks. The UK’s Treasury is exploring whether to release inflation and labor market information via digital ledgers, while El Salvador has envisioned using blockchain for fiscal reporting in its Bitcoin-driven financial ecosystem.
Chainlink and Pyth’s involvement represents a significant development in the adoption of blockchain technology within government sectors. The price of Pyth’s PYTH token surged by nearly 70%, while Chainlink’s LINK token gained over 3% before settling around $25. LINK has risen about 61% since early August, climbing from $15.43 to the current level. Pyth’s market capitalization stands at approximately $1.1 billion, while LINK holds one of the largest crypto asset values at near $14 billion.
Market players on platforms like Binance and Coinbase witnessed a surge in activity, with more than $2.3 billion worth of LINK traded within 24 hours following the news.