- The U.S. Department of Commerce has published GDP data on blockchain for the first time.
- The department selected Pyth Network as the oracle platform to verify and distribute economic data on-chain.
- PYTH’s token surged sharply following the announcement.
The United States continues to position itself as a global hub for blockchain and cryptocurrency activity.
In a landmark move, the U.S. Department of Commerce confirmed today that it has begun publishing Gross Domestic Product (GDP) data on blockchain, starting with last month’s figures.
The announcement sparked upbeat sentiment across the crypto sector, and attention quickly focused on the project chosen to deliver the data.
The Department of Commerce worked with nine blockchains and several leading exchanges to make the launch possible.
To ensure accessibility and reliability, the department tapped Chainlink and Pyth Network as oracle providers.
Pyth Network is working with @CommerceGov to power the distribution of gross domestic product data onchain.
Chief Executive Officer of Douro Labs, @mdomcahill was the only person quoted in the White House exclusive press release with @Bloomberg to speak on how Pyth Network is… pic.twitter.com/3HfZ65ilIK
— Pyth Network 🔮 (@PythNetwork) August 28, 2025
Pyth Network at the center of a historic rollout
The department announced it published the official hash of its quarterly GDP release across nine networks: Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Tron, Polygon PoS, Optimism, Stellar and Arbitrum One.
It also coordinated with major exchanges, including Coinbase, Kraken and Gemini, to ensure broad distribution of the latest data.
By leveraging oracle providers such as Chainlink and Pyth, the Commerce Department sought to guarantee accuracy and trustworthiness for on-chain economic statistics.
PYTH’s token reacted immediately to the news as community members celebrated what many called a “validation moment” for the project.
Pyth Network focuses on delivering high-quality, real-time market and economic data on-chain. The government announcement marks a turning point for the token, opening up potentially lucrative use cases.
The government’s reliance on Pyth’s oracle services validates the network’s infrastructure and strengthens its credibility as a trusted bridge between decentralized networks and public institutions.
Government endorsement boosts credibility
U.S. Commerce Secretary Howard Lutnick commented on the advantages of taking this step.
He framed the initiative as part of a broader administration strategy to make the United States a leading center for blockchain innovation. Lutnick said:
It is fitting that the Department of Commerce and the President are publishing economic statistics on the blockchain. We are making America’s economic truth immutable and globally accessible like never before, reinforcing our role as a global blockchain capital.
The high-profile endorsement has raised Pyth Network’s profile as a government-authorized oracle protocol.
Officials indicated they will use oracles like Pyth to publish additional datasets beyond GDP in future releases.
PYTH price outlook
The native token rallied within minutes of the collaboration announcement.
PYTH was trading at $1,891 after jumping roughly 62% from its intraday low.
A dramatic 2,400% surge in trading volume signaled overwhelming market interest in the asset.
Additionally, Pyth Network’s market capitalization surpassed $1 billion for the first time since February 2025.
U.S. government backing positions PYTH for strong performance in the coming months and years and could drive increased institutional demand from organizations exploring blockchain-based data solutions.
Market sentiment suggests PYTH may have found the catalyst needed to push toward recovering its prior highs recorded in 2024.