The US government has decided to stream its macroeconomic data directly to the blockchain for the first time. According to the US Department of Commerce's announcement, critical data such as Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Index, and US domestic demand strength have been made accessible on-chain thanks to Chainlink's oracle infrastructure. This development is considered a historic milestone in the distribution of public data on the blockchain.
Data to be Published on 10 Different Networks
According to the Ministry's statement, economic indicators will initially be published on 10 different blockchain networks: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. This data, securely transmitted via Chainlink Data Feeds, will be updated monthly or quarterly. This will allow markets to track macroeconomic indicators in a transparent and immutable format on-chain. Meanwhile, the US government recently shared GDP data on Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, and Polygon. This approach demonstrates the government's growing interest in blockchain technology.
Chainlink's rise and market impact
LINK, Chainlink's (LINK) native token, gained over 5 percent in value following the announcement of this partnership. In the eyes of investors, this integration with the US government enhances Chainlink's credibility and proves that oracle solutions can also play a role in state-sponsored applications.
Chainlink has previously collaborated with major institutions such as BNP Paribas and SWIFT, playing a key role in cross-chain asset transfer tests. Chainlink's Cross-Chain Interoperability Protocol (CCIP) infrastructure was used in the trials conducted with SWIFT, and this was highlighted as a critical step in the tokenization process.
Paving the way for next-generation applications
According to experts, the US's move to on-chain data could create new opportunities for decentralized finance (DeFi) applications. For example, lending protocols could adjust interest rates based on GDP data, or inflation expectations could be reflected more transparently through PCE index-based prediction markets. Furthermore, automated trading strategies and new asset types based on tokenization could be among the infrastructures that will feed into this data.
Chainlink has recently attracted attention not only for its technical collaborations but also for its policy engagements. The company announced that it is negotiating with the US Securities and Exchange Commission (SEC) on broker-dealer and transfer agent regulations and is also contributing to legislative initiatives such as the GENIUS Act.
The US Department of Commerce released a statement regarding PYTH
The US Department of Commerce's statement emphasized that the Pyth Network will play a key role in the secure and transparent distribution of economic data on-chain. Following extensive collaboration with Secretary Howard Lutnick, Pyth's official participation in this initiative is considered a significant step in the public sector's adoption of decentralized infrastructure. The company stated that this development strengthens Pyth's position as a trusted data provider and has achieved nationwide approval.
