U.S. Commerce Department Brings GDP Data On-Chain with Chainlink and Pyth

Blockchain Becomes the New Home for America’s Economic Truth

The U.S. Department of Commerce has begun publishing official economic data, including GDP, inflation, and domestic demand figures, directly on public blockchains through Chainlink and Pyth Network. The Bureau of Economic Analysis, operating under the department, is now distributing six key indicators across a wide range of networks, with data refreshed monthly or quarterly in line with existing release schedules. This marks the first time official federal economic statistics are being recorded on-chain, offering a new model for transparency and global accessibility.

Nine major blockchains are already hosting the data, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism, with additional support expanding to Base, Botanix, Linea, Mantle, Sonic, and ZKsync. Chainlink serves as the main data provider, while Pyth Network has been tasked with handling GDP releases specifically. The project carries major symbolic weight for the administration, tying blockchain’s immutability and global reach to what Commerce Secretary Howard Lutnick called “America’s economic truth.”

Following the announcement, Chainlink’s token LINK traded at $25.1 with a market cap of $17.0 billion, while Pyth’s token PYTH surged to $0.18, reflecting a 53.71% daily gain on a $1.0 billion valuation.

During a White House cabinet meeting on August 26, 2025, Lutnick described President Donald Trump as “the Crypto-President,” stating, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president … we are just ironing out all the details so we can do it.” He later expanded on that message, declaring that official data was becoming immutable and publicly accessible, aligning America with what he described as a global leadership role in blockchain adoption.

Mike Cahill, founder of Douro Labs and a core contributor to Pyth, emphasized the importance of the initiative, saying, “It’s been a privilege for me and the Pyth team to work closely with the Department of Commerce over the past few months to make this happen … Secretary Howard Lutnick and his team are pushing the boundaries of innovation as they modernize and position the United States to be the worldwide blockchain leader. We’ve entered a new era.” His comments reflect how the integration of blockchain into official economic reporting is being viewed as more than just an operational change—it is being positioned as a technological milestone.

The integration is timed with existing BEA reporting cycles, which issue three estimates of quarterly GDP roughly 30, 60, and 90 days after the quarter closes. Publishing through Chainlink and Pyth ensures that these updates reach a wider audience in real time across decentralized networks. The data is intended to complement traditional distribution channels rather than replace them, expanding the reach of U.S. economic releases.

While blockchain provides transparency, immutability, and global accessibility, questions remain about accuracy, as the technology secures the data once published but cannot verify the correctness of the inputs themselves. Still, advocates argue the move strengthens trust at a time when public confidence in economic reporting faces ongoing scrutiny. The effort also mirrors earlier blockchain-based government projects worldwide, from Estonia’s Guardtime system protecting more than a million health records to California’s Department of Motor Vehicles digitizing 42 million car titles on Avalanche.

As part of the broader narrative around digital governance, the launch reflects the Trump administration’s attempt to weave crypto into official policy and infrastructure. For traders and analysts, the arrival of government-backed blockchain data could eventually play into the crypto price index and the way markets interpret official metrics alongside the coin market cap and crypto price movements. With Commerce describing the U.S. as taking a leadership role, the effort signals that blockchain is no longer viewed solely as a financial tool but as infrastructure for managing and distributing state-backed information.

This article has been refined and enhanced by ChatGPT.