The US Department of Commerce is the first to issue GDB to blockchain. Pyth Network was chosen as the Oracle platform to validate and distribute economic data. Pyth saw a sharp rise in price after the news.
The US continues to establish itself as an international hub for blockchain and cryptocurrency businesses.
In a groundbreaking move, the US Department of Commerce today confirmed that it will begin publishing GDP (Gross Domestic Product) data on blockchain, starting with figures from last month.
The announcement catalyzed bullish sentiment across the crypto space, particularly for projects chosen by the government.
The US Department of Commerce has collaborated with nine blockchains and major exchanges.
We chose ChainLink and Pyth networks to ensure data accessibility and reliability.
Pyth Network is working with @commercegov to strengthen the distribution of GDP data.
Douro Labs CEO @MdomCahill was the only person quoted in an exclusive White House press release with @Bloomberg.
– Pyth Network🔮 (@pythnetwork) August 28, 2025
Pyth network at the heart of historic movement
The department revealed that it has released official hash of quarterly GDP data to nine networks: Bitcoin, Ethereum, Solana, Avalanche, arbitrum, Tron, Polygon POS, Optimism, Stars, and Kimkai.
We have also worked with major exchanges such as Coinbase, Kraken, and Gemini to facilitate the latest release.
Additionally, the US Department of Commerce tapped Oracle Providers Chainlink and Pyth Network to ensure reliability and accuracy.
Pyth came right after the news as the community celebrated the “verification moment” of the project.
Pyth Network focuses on delivering high-quality data in real-time in a chain.
Therefore, this announcement represents the moment of the fork in Altcoin, in order to predict advantageous use cases.
Government’s reliance on Pyth’s Oracle services validates the infrastructure and status of trustworthy players in integrating distributed networks with public institutions.
Government ratification promotes confidence
US Secretary of Commerce Howard Lutnick commented on the benefits of the move.
He recognizes it as part of the president’s strategy to make America the hub of blockchain. Latnik said:
It is appropriate for Crypto Presidents Commerce Department and President Donald Trump to publish economic statistics on blockchain. We are making America’s economic truths unchanged, making them globally more accessible than ever, and solidifying our role as the global blockchain capital.
Famous praise places the Pyth network on the map as a reliable oracle protocol approved by the government.
Authorities have confirmed that they will leverage oracles like Pyth to release other datasets beyond GDP.
Pyth Price Outlook
Native Coin exploded within minutes of the collaboration update.
Pyth trades for $1,891 after winning around 62% from the daily low.
The incredible 2,400% increase in trading volume shows AltCoin’s great interest.
Additionally, Pyth Network’s market capitalization exceeded the $1 billion mark for the first time since February 2025.
The US government approval serves Pyth for impressive performances over the coming months and years.
This development could enhance institutional demand from companies exploring blockchain, providing accurate and reliable data.
Common sentiment suggests that Pyth has secured the catalyst it needs and may have recovered its 2024 record high to more than a dollar.
