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The U.S. Department of Commerce and Pyth Network Collaborate to Verify & Distribute Economic Data Onchain

Twitter icon  •  Published 11 months ago on August 28, 2025  •  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.

The U.S. Department of Commerce and Pyth Network Collaborate to Verify & Distribute Economic Data Onchain

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.

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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