Commerce launches on-chain GDP data pilot across nine networks

Commerce Secretary Howard Lutnick announced at a White House cabinet meeting on Aug. 26 that the Department of Commerce would begin issuing economic statistics on blockchain, and two days later the department said it had posted a cryptographic proof of its quarterly gross domestic product release to multiple public ledgers. Lutnick told President Donald Trump the move reflected the administration's embrace of crypto, and the department uploaded hashes and, in some cases, topline GDP figures for the July 2025 release across nine networks, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS and Optimism.

The Bureau of Economic Analysis compilation posted onchain showed annualized GDP growth of 3.3 percent for the period, the Commerce Department said. The agency also said it had worked with oracle providers Chainlink and Pyth to distribute verified U.S. macroeconomic indicators onchain and that exchanges including Coinbase, Gemini and Kraken assisted with the rollout. Chainlink and Pyth described the arrangement as a way to make government figures accessible to decentralized finance applications and other blockchain markets.