Chainlink and US Commerce Department Bring Government Economic Data On-Chain

August 28, 2025

Details

  • Chainlink has partnered with the US Department of Commerce to integrate official Bureau of Economic Analysis data on-chain, featuring key metrics like Real GDP, PCE Price Index, and Real Final Sales to Private Domestic Purchasers.
  • The collaboration includes both Chainlink and Pyth Network as oracle providers, supported by Commerce Secretary Howard Lutnick, who framed the move as part of America's ambition to become "the blockchain capital of the world" under the Trump administration.
  • Six BEA economic indicators are now accessible through Chainlink Data Feeds across ten blockchain networks—including Ethereum, Arbitrum, Base, Avalanche, and Optimism—with updates scheduled to align with government releases.
  • This initiative marks the first formal integration of US government economic data into decentralized oracle networks, expanding Chainlink's scope from weather and sports to high-impact macroeconomic statistics.
  • The announcement drove notable market movement, with LINK prices rising over 5% and PYTH surging nearly 50%, while paving the way for DeFi protocols that can automatically adjust lending rates based on real macroeconomic trends.

Impact

This groundbreaking partnership signals a new level of government engagement with blockchain, cementing Chainlink's role in linking real-world data to decentralized systems. The move enhances the credibility of Web3 infrastructure and unlocks new financial innovations that can react in real time to authoritative economic conditions, intensifying competition among oracle providers like Pyth.

Read more