- The US Department of Commerce first announced GDB on the blockchain.
- We selected Pyth Network as the Oracle platform to check and distribute economic data.
- Pyth has seen a sharp price hike after the news.
The United States continues to establish as an international hub for blockchain and cryptocurrency business.
With a breakthrough movement, the US Department of Commerce has confirmed that it will start publishing the Gross Domestic Product (GDP) data on the blockchain today.
This announcement promotes optimistic feelings of cryptocurrency space, especially the government’s choice.
The US Department of Commerce worked with nine blockchains and major exchange.
To ensure data accessibility and stability, we have selected ChainLink and Pyth Network.
Pyth Network is working together @commercegov The chain is powered by the distribution of gross domestic product data.
CEO of Douro Labs, @mdomcahill It was the only person cited in the White House monopoly press release. @bloomberg To talk about the way Pyth Network … pic.twitter.com/3hfz65ilik
-Pyth Network đź”® (@pythnetwork) August 28, 2025
Peace network at the center of historical movement
The department announced that it has published the official hash of the quarterly GDP data in nine networks of Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, TRON, Polygon POS, Optimalism, Stellar and Arbitrum.
It also facilitates the latest release with major exchanges, including Coinbase, Krake and Gemini.
The US Department of Commerce also used the Oracle provider Chain Link and Peace Network to ensure reliability and accuracy.
Immediately after the news, Peace finished the news as the community celebrated the “verification moment” of the project.
Pyth Network focuses on bringing real -time high quality data to the chain.
Thus, this presentation shows the watershed moment of Altcoin because it is expected to use a favorable use case.
The government’s dependence on Pyth’s Oracle Service verifies the infrastructure and status as a reliable player in the integration between distributed networks and public institutions.
The ratification of the government arouses trust
Howard Lutnick, Minister of Commerce, Commerce, Affairs and Commerce, mentioned the advantages of this movement.
He recognizes the president’s strategy to make the United States the center of a blockchain. Lutnick said:
President Donald Trump, a encryption president, is suitable for publicly presenting economic statistics on the blockchain. We are able to approach the US economic truth all over the world like the world, and strengthen our role as the world’s blockchain capital.
The famous praise has posted Pyth Network on a reliable Oracle protocol map that the government approved.
The officials have used Oracle like Pyth to launch other data sets beyond GDP.
Pyth Price Outlook
The basic coin exploded in a few minutes after the collaboration update.
Pyth is traded at $ 1891 after getting about 62%at the lowest level every day.
The 2,400% increase in trading volume is very interested in Altcoin.
In addition, Pyth Network’s market capitalization has exceeded $ 1 billion for the first time since February 2025.
The US government approves Pyth for impressive results for the next few months and years.
This development can strengthen the institutional demands of a company that explores blockchains to provide accurate and reliable data.
The superior feelings suggested that the catalysts needed to restore the catalysts that need the pieces to more than $ 1 by 2024.