U.S. to Publish Official GDP Data on Blockchain with Pyth Network Partnership

The US Department of Commerce is partnering with Pyth Network to publish official economic data, such as GDP and CPI, on blockchains. The move is seen as a push towards modernizing financial infrastructure and making the US a leader in digital assets. Future steps may include data from the Bureau of Labor Statistics, and the partnership has the potential to create immediate uses in prediction markets and decentralized finance applications, as well as long-term cost savings in various industries.

The US Department of Commerce has announced a groundbreaking partnership with Pyth Network to publish official economic data, including Gross Domestic Product (GDP) and Consumer Price Index (CPI), on blockchain. This move is seen as a significant step towards modernizing financial infrastructure and positioning the US as a leader in digital assets.

The partnership, announced on August 28, 2025, marks the first time a federal agency has published economic statistics on the blockchain. The Department of Commerce will start publishing GDP data on July 2025, with an annualized growth rate of 3.3% for the second quarter [3]. The data will be available on multiple blockchains, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.

This initiative aims to enhance transparency and global access to critical economic indicators. By leveraging decentralized technology, the US can ensure the integrity and security of its economic data while making it accessible to a broader audience. The partnership also opens up new opportunities for prediction markets and decentralized finance (DeFi) applications.

The move follows a similar initiative by the US Department of Commerce with Tron, which published the official GDP data on the Tron blockchain in the second quarter of 2025. This partnership with Pyth Network further expands the use of blockchain for official economic data, demonstrating the increasing role of decentralized technology in financial reporting [1].

The partnership with Pyth Network has already led to a 49.5% price rally in the Pyth Network token, reflecting market confidence in the utility of on-chain macroeconomic data [2]. This growth underscores the potential for blockchain oracles to become critical infrastructure for mainstream financial applications.

Future steps may include data from the Bureau of Labor Statistics, which could further expand the use cases for on-chain economic data. The long-term benefits of this partnership include cost savings in various industries and the creation of new financial products and services.

The partnership between the US Department of Commerce and Pyth Network represents a significant milestone in the adoption of blockchain technology for financial reporting. As the technology continues to evolve, it is expected to play an increasingly important role in the global financial ecosystem.

References:
[1] https://investorempires.com/tron-selected-by-us-department-of-commerce-to-publish-economic-data-onchain/
[2] https://en.coinotag.com/pyth-network-may-see-renewed-momentum-after-u-s-commerce-deal-as-chainlink-brings-official-economic-data-on-chain/
[3] https://www.lookonchain.com/feeds/26735