The US Department of Commerce has started disclosing official economic figures directly on public blockchains, marking a novel approach to transparency and safeguarding data.
The pilot initiative commenced on August 28 with nine networks, among them Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
The announcement assured,
“The Department published an official hash of its quarterly GDP data for 2025—and, in certain cases, the overall GDP figure.”
Significantly, other prominent blockchain networks like XRP Ledger and Cardano were absent from the initial launch.
The authorities highlighted that major US exchanges, including Coinbase, Gemini, and Kraken, helped in making the datasets accessible.
The government noted that upcoming releases could broaden to include more chains, oracles, and market participants as the program evolves.
US GDP increased by 3.3%
For the inaugural release, the department provided a cryptographic proof of its GDP update for July 2025, which indicated an annualized growth of 3.3%. In some instances, the department also disclosed the topline GDP number.
The US government stated that the initiative aims to render federal data immutable and universally available, while examining blockchain’s capacity to function as a permanent publishing platform.
Commerce Secretary Howard Lutnick characterized the initiative as both symbolic and functional. He remarked:
“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, solidifying our status as the blockchain capital of the world.”
Notably, this announcement came less than 48 hours after Lutnick stated that the Donald Trump administration planned to disseminate economic data on public blockchains.
Oracle providers to share data
At the same time, the data is being distributed through Chainlink and Pyth, two prominent oracle providers.
Chainlink verified that several indicators compiled by the Bureau of Economic Analysis—including GDP, the PCE Price Index, and real final sales to private domestic purchasers—are now accessible on-chain for the first time.
The firm stated that these metrics will be updated monthly or quarterly. It added:
“Bringing US government data onchain unlocks innovative use cases for blockchain markets, such as automated trading strategies, enhanced composability of tokenized assets, the issuance of new types of digital assets, real-time prediction markets for crowdsourced insights, transparent dashboards powered by immutable data, and DeFi protocol risk management based on macroeconomic factors.”
Solana-based Pyth mentioned that “the data [would be] instantly available to 600+ connected applications across 100+ blockchains.”
