U.S. makes a historical move by dispersing its official GDP data across nine blockchains, demonstrating a significant push in the cryptocurrency sector during the Trump era.
In a groundbreaking move, the U.S. Department of Commerce has partnered with decentralized oracle providers Chainlink and Pyth to distribute verified U.S. economic figures across the DeFi ecosystem. This marks a historic first for a federal agency, underscoring the Trump administration's view of blockchain as a tool for redefining how U.S. economic data is shared, trusted, and leveraged in global markets.
The partnership will see the U.S. Department of Commerce publishing official economic data on multiple public blockchains, including Bitcoin, Ethereum, Solana, Tron, Avalanche, Stellar, and various Ethereum layer-2 networks like Polygon, Arbitrum, and Optimism. The data includes GDP statistics for Q2 2025 and will also cover the Personal Consumption Expenditures (PCE) Price Index and Real Final Sales to Private Domestic Purchasers.
The initiative has been well-received by major crypto exchanges such as Coinbase, Gemini, and Kraken, all of whom are supporting this innovative endeavour. The software engineer instrumental in connecting official economic data from the US Department of Commerce with the blockchain platform Chainlink is Sergey Nazarov.
Chainlink has clarified that it did not assist in uploading the data, but it will play a key role moving forward. In response to the announcement, Chainlink's LINK token gained 7.6 percent before retreating, still leaving the token with a one-day increase worth over $1.8 billion. Similarly, Pyth's token, PYTH, surged by 69 percent within minutes of the announcement, adding nearly $1 billion in value.
Bitcoin traded around $113,000, up 0.9% in 24 hours, following the announcement. Solana climbed 2.3% to $212, briefly jumping 5% before easing back. The development has been praised by Chainlink co-founder Sergey Nazarov, who publicly commended the administration's approach to the crypto industry.
Commerce Secretary Howard Lutnick emphasized the significance of the blockchain publication, referring to it as a way to make America's economic truth immutable and globally accessible. The move underscores President Donald Trump's alignment with the crypto industry in his second term.
This initiative represents a significant step towards the mainstream adoption of blockchain technology and the DeFi ecosystem, making U.S. economic data more accessible and transparent than ever before.
