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Reading: America makes GDP data immutable by publishing it on Bitcoin, Ethereum and Solana
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Mycryptopot > News > Crypto > Solana > America makes GDP data immutable by publishing it on Bitcoin, Ethereum and Solana
Solana

America makes GDP data immutable by publishing it on Bitcoin, Ethereum and Solana

August 28, 2025 3 Min Read
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America makes GDP data immutable by publishing it on Bitcoin, Ethereum and Solana

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US GDP grew 3.3%Oracle suppliers to distribute informationTalked about on this article

The US Division of Commerce has begun publishing official financial statistics instantly on public blockchains, describing this as a brand new strategy to transparency and information safety.

The pilot program launched on Aug. 28 consists of 9 networks, together with Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.

The announcement confirmed,

“The Division revealed an official hash of its quarterly GDP information launch for 2025—and, in some instances, the topline GDP quantity.”

Notably, different main blockchain networks like XRP Ledger and Cardano didn’t take part in the preliminary rollout.

The authorities identified that main US exchanges, together with Coinbase, Gemini, and Kraken, assisted in making the datasets obtainable.

The federal government added that future releases might develop to further chains, oracles, and market individuals as this system matures.

US GDP grew 3.3%

For the primary launch, the division issued a cryptographic proof of its July 2025 gross home product (GDP) replace, which confirmed annualized progress of three.3%. In some instances, the division additionally shared the topline GDP quantity itself.

The US authorities mentioned the trouble is designed to make federal information immutable and universally accessible, whereas testing blockchain’s means to function a everlasting publishing platform.

Commerce Secretary Howard Lutnick framed the initiative as each symbolic and sensible. He said:

“It’s solely becoming that the Commerce Division and President Donald Trump, the Crypto-President, publicly launch financial statistical information on the blockchain. We’re making America’s financial reality immutable and globally accessible like by no means earlier than, cementing our function because the blockchain capital of the world.”

Notably, this comes lower than two days after Lutnick revealed that the Donald Trump-led authorities deliberate to problem financial information on public blockchains.

Oracle suppliers to distribute information

In the meantime, the info is concurrently being distributed by Chainlink and Pyth, two main oracle suppliers.

Chainlink confirmed that a number of indicators compiled by the Bureau of Financial Evaluation—together with GDP, the PCE Worth Index, and actual closing gross sales to personal home purchasers—at the moment are obtainable on-chain for the primary time.

In response to the agency, these metrics can be refreshed month-to-month or quarterly. It added:

“Bringing US authorities information onchain unlocks revolutionary use instances for blockchain markets, akin to automated buying and selling methods, elevated composability of tokenized property, the issuance of recent varieties of digital property, real-time prediction markets for crowdsourced intelligence, clear dashboards powered by immutable information, and DeFi protocol danger administration based mostly on macroeconomic components.”

Solana-based Pyth added that “the info [would become] immediately accessible to 600+ linked purposes throughout 100+ blockchains.”

Talked about on this article

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TAGGED:AdoptionBitcoinCoinscryptoEthereumMacroSolanaSolana AnalysisSolana NewsTechnologyUS
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Reading: America makes GDP data immutable by publishing it on Bitcoin, Ethereum and Solana
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