The Department of Commerce has disseminated its Q2 GDP data across a range of nine L1 and L2 networks. This action transforms the report into a permanent, globally verifiable cryptographic fact, which can be audited by anyone worldwide.
Summary
- The U.S. Department of Commerce has published its Q2 2025 GDP data on nine blockchains, including Bitcoin, Ethereum, and Solana.
- This initiative ensures GDP figures are globally verifiable and cryptographically secure.
- Leading exchanges such as Coinbase, Gemini, and Kraken, alongside oracles Pyth and Chainlink, facilitated the data publishing process.
In an announcement dated August 28, the U.S. Department of Commerce reported that it has cryptographically signed and published its official Q2 2025 Gross Domestic Product figure, featuring a 3.3% annualized growth rate, across nine distinct blockchains such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
This groundbreaking initiative, facilitated by a coalition of prominent exchanges and oracle networks, involved the federal agency deploying a SHA-256 hash of its complete report and the raw GDP figure onto ledgers that include Bitcoin, Ethereum, Solana, and several Layer-2 scaling solutions.
Why the Commerce Department is putting GDP on-chain
The initiative signifies a determined effort by the Department of Commerce to set a new benchmark for data integrity and worldwide accessibility. According to the Department’s announcement, it is designed as a proof of concept to “demonstrate the extensive utility of blockchain technology” for the entire federal government.
The primary objective is to safeguard federal data and encourage its public use by utilizing cryptographic certainty, rendering the nation’s economic narrative tamper-proof and globally transparent. The department aligns this action with the broader political aim of asserting U.S. technological preeminence, significantly contributing to the current administration’s goal of positioning the country as the “blockchain capital of the world.”
This vision was echoed by Secretary of Commerce Howard Lutnick, who connected the technological advancement to the administration’s economic performance.
“It’s only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain,” Lutnick remarked. “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 concede that a 3.3% GDP growth is remarkable.”
The Department acknowledged that U.S. exchanges Coinbase, Gemini, and Kraken played a crucial role in facilitating the data publishing. Additionally, the dissemination of data was significantly enhanced through collaboration with leading oracle networks, Pyth and Chainlink, ensuring that the verified data could be utilized by smart contracts in the decentralized financial ecosystem.
Chainlink’s partnership
In a separate announcement, Chainlink disclosed that its collaboration with the Commerce Department extends well beyond a single GDP figure. The oracle network now provides a continuous stream of six distinct macroeconomic data points on-chain.
The expanded dataset incorporates essential indicators of inflation and domestic demand, such as the PCE Price Index level and associated percent changes, as well as the level and percent change of Real Final Sales to Private Domestic Purchasers.
According to Chainlink, this data is updated monthly or quarterly and is accessible for developers to integrate directly into on-chain applications, paving the way for a new generation of financial products that can react programmatically to shifts in the real-world economy.
