The US Government has begun publishing official economic data onchain. It selected Chainlink to provide secure feeds from the Bureau of Economic Analysis (BEA). A Chainlink spokesperson confirmed that the feeds would include real GDP, personal consumption expenditures (PCE) price index, and real final sales to private domestic purchasers.
Chainlink said more feeds may be added in the future if requested by the US Government or based on user demand. This step brings economic data such as GDP and PCE price index directly into blockchain systems, where they can be accessed in real time.
The US Government initiative makes data more transparent by placing it onchain through Chainlink, giving financial platforms direct access to official figures without delay.
Department of Commerce Selects Pyth for GDP Feeds
Alongside Chainlink, the Department of Commerce has chosen Pyth Network to provide GDP data onchain. The department announced that Pyth would serve as a publisher for the official measure of national output.
The Pyth GDP feed will enable blockchain applications to integrate verified government data into their systems. Making GDP figures available onchain ensures that they are accessible without intermediaries and remain recorded permanently.
The involvement of Pyth Network alongside Chainlink shows the US Government’s strategy to diversify its approach to publishing onchain economic data.
Transparency Plans Under the Trump Administration
Publishing onchain economic data forms part of the Trump administration’s plan to increase transparency in government spending. Officials stated the goal is to improve accountability while advancing the role of the United States in blockchain-based finance.
By recording government statistics such as GDP and PCE price index directly onchain, the US Government creates an immutable record. Once published, these figures cannot be changed or altered.
Other countries are also exploring similar steps. Proposals to publish budgets and economic data onchain have surfaced in the Philippines, the United Kingdom, and El Salvador.
Use of Onchain Economic Data in Crypto and Finance
According to Chainlink, having US Government economic data onchain enables various applications. These include automated trading strategies based on official data releases and prediction markets that track macroeconomic shifts.
Decentralized finance (DeFi) protocols can also integrate onchain GDP and PCE data into risk management strategies. Stablecoins, tokenized government bonds, perpetual futures, and other real-world assets (RWAs) depend on accurate macroeconomic inputs. Publishing these inputs directly onchain ensures reliability for blockchain-based financial products.
The US Government’s choice of Chainlink and Pyth highlights how official economic data can be integrated into blockchain systems for direct use in financial instruments.
LINK Price and PYTH Price React to the Announcement
The market responded immediately to the US Government’s decision. Pyth (PYTH) price surged by nearly 70%, reaching $0.1796, after the Department of Commerce announcement.
Chainlink (LINK) price recorded smaller gains of about 3%, briefly moving above $25 before settling near the same level. Despite the short pullback, LINK price has risen strongly since the start of August. From a low of $15.43, it has gained about 61% to reach nearly $25.
The sharp rise in PYTH price and steady growth in LINK price underline how official recognition by the US Government impacts tokens tied to onchain economic data infrastructure.
