The U.S. government announced the launch of publishing key macroeconomic indicators on public blockchains through Chainlink and Pyth Network. Six core indicators will be available at the initial stage.
The U.S. Department of Commerce (DOC), in collaboration with leading decentralized oracle providers Chainlink and Pyth Network, initiated a historic project to release key macroeconomic data from the Bureau of Economic Analysis (BEA) into the blockchain ecosystem. The initiative aims to enhance transparency, accessibility, and security of critical economic information, opening new opportunities for innovation in the digital economy.
The Chainlink team announced the on-chain publication of six BEA metrics, including:
- Real GDP — Level (billions, chained 2017 USD).
- Real GDP — Percent change (Annual rate, QoQ SAAR %).
- PCE Price Index — Level (Index, 2017=100, headline PCE).
- PCE Price Index — Percent Change (Annual rate, QoQ SAAR %).
- Real Final Sales to Private Domestic Purchasers — Level (billions, chained 2017 USD).
- Real Final Sales to Private Domestic Purchasers — Percent Change (Annual rate, QoQ SAAR %).
The data will be updated monthly or quarterly and made available across ten blockchain ecosystems: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. In total, Chainlink supports more than 2,400 integrations.
At the same time, reps of Pyth Network announced that the protocol will perform cryptographic verification and publication of official statistics. Initially, quarterly GDP data for the past five years will be released on-chain, with further expansion to additional datasets. Pyth Network data is available across more than 100 blockchains and over 600 decentralized apps.
The official release of macroeconomic data into the blockchain ecosystem opens up new opportunities for both traditional financial markets and the digital asset space. Applications range from algorithmic trading strategies and financial derivatives to risk management tools in the decentralized finance (DeFi) sector.
The initiative reflects a strategic shift by the U.S. government toward leveraging blockchain infrastructure for publishing public data. This step not only strengthens transparency and trust in government statistics but also lays the foundation for future digital contracts, tokenized securities, and new financial innovations. Experts believe this will help the U.S. reinforce its leadership in the global digital economy and set a new standard of transparency in government data.
Just a week earlier, the U.S. President signed an executive order allowing investments in cryptocurrencies and other alternative assets within 401(k) retirement plans.
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