The U.S. government has begun issuing GDP data on the blockchain as part of the Trump administration’s latest crypto push. These blockchains include Bitcoin, Ethereum, Solana, and other networks. The Commerce Department selected Chainlink and Pyth networks to release this economic data on the blockchains.
Commerce Department Releases GDP Data On The Blockchain
In a press release, the government agency announced that it will begin posting real gross domestic product (GDP) data on the blockchain starting with the July 2025 data. The Commerce Department noted that this is the first time that a federal agency has published economic statistical data in this manner on the blockchain, and the latest way it plans to utilize innovative technology to protect federal data and promote public use.
This development comes just days after Commerce Secretary Howard Lutnick’s statement that they would begin issuing GDP data and other economic data on the blockchain. He stated that they were making this move because Trump is the crypto president, who plans to make the U.S. the crypto capital of the world.
The Commerce Department published an official hash of the quarterly GDP data and, in some cases, the topline GDP number on the top layer-1 networks Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
Meanwhile, crypto exchanges Coinbase, Gemini, and Kraken helped facilitate the Department’s publishing. Furthermore, the agency stated that it plans to continue innovating and broadening the scope of publishing future data sets, such as GDP, to include the use of other blockchains, oracles, and crypto exchanges.
Commenting on this development, Howard Lutnick said,
It’s only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain. We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world. And everybody has to admit that 3.3% GDP growth is impressive.
Commerce Department Collaborates With Pyth And Chainlink
The Commerce Department collaborated with Pyth and Chainlink networks to achieve this initiative. In a blog post, the Pyth team announced that the Department selected the network to verify and distribute economic data on-chain.
Under the strategic working relationship, Pyth will initially offer quarterly releases of the GDP data going back five years. At the same time, the network’s contributors expect this initiative to support a broader range of economic datasets.
The team further stated that this new initiative reflects a deliberate effort by the government to harness cryptographic tools to increase confidence in public information systems. Meanwhile, the Chainlink team also confirmed in a blog post that it worked with the Commerce Department to bring the data on-chain.
Chainlink will serve as the oracle that delivers the macroeconomic data on-chain from the Bureau of Economic Analysis (BEA). These Chainlink Data Feeds will provide information around the Real GDP data, Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers.
Chainlink will update this data on a monthly and quarterly basis, as applicable, and the network will deliver this data across Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand.
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