Decentralized Finance Gets Boost from U.S. On-Chain Stats
In a significant step for blockchain adoption, the U.S. Department of Commerce is now making key economic indicators available onchain, collaborating with Chainlink and Pyth Network to deliver trusted government data directly to decentralized ecosystems.
Chainlink Delivers BEA Data Across Blockchains
Chainlink is publishing six core macroeconomic indicators sourced from the Bureau of Economic Analysis (BEA). These include major metrics updated monthly or quarterly and distributed securely across ten prominent blockchains, such as Ethereum, Arbitrum, Base, and Optimism. This integration supports use cases in DeFi, including inflation-linked products, tokenized financial assets, prediction markets, and algorithmic trading models.
“These data streams will help bridge traditional financial systems and DeFi infrastructure,” Chainlink Labs noted.
Pyth to Distribute GDP Figures
Meanwhile, Pyth Network has partnered with the Commerce Department to publish five years of verified U.S. GDP data onchain. With its data infrastructure spanning over 100 chains and supporting 600+ decentralized applications, Pyth’s involvement ensures robust and scalable delivery of government-grade datasets. The network plans to broaden its offerings to include additional macroeconomic statistics over time.
This development represents a strategic push toward trusted, transparent economic data accessible via blockchain—a move that could reshape how decentralized applications interact with real-world financial information.
