Hassan Maishera
On Thursday, the Pyth Network announced via a blog post that the U.S. government is officially bringing economic data onchain, with the help of the Pyth Network. With 100+ blockchains, 600+ apps, and a trusted model built on openness and security, Pyth is the ideal protocol for the U.S. government’s onchain push.
Pyth will initially offer quarterly releases of the GDP going back 5 years, and anticipates expanding this initiative to support a broader range of economic datasets.
Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is up 77.37% in the last 24 hours and currently trades at $0.2054 per coin.
