US Gov Chooses LINK & PYTH for Data On-Chain – What’s Next?
US Government Begins Publishing Key Economic Data Onchain: Adoption Drivers and Risks
Discover how the US government is publishing key economic metrics on public blockchains and why this unprecedented move signals massive adoption potential for crypto, despite initial market silence.
Short Summary
- Historic utility demonstration selected the Fed's preferred inflation measure (PCE) alongside GDP data.
- The initiative prioritizes transparency and immutability, counteracting skepticism surrounding official economic figures.
- Chainlink and Pyth are currently verifying data across 17 named blockchains, opening new DeFi possibilities.
This analysis details the mechanism behind the US Commerce Department’s decision to move economic data onchain, initiated by Secretary Howard Lutnik. We examine which initial data sets were chosen, the specific oracle networks and blockchains involved, and the minimal resulting market impact. Understand the three core reasons driving this long-term adoption strategy and the serious systemic risks creators must consider.
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Top Comments (10)
Link $100 and Pyth $5 by end of 2025❤❤❤❤
I've been holding LINK for a very long time, and I've done extremely well. However, I still believe it will eventually go many times higher than where it is now.
Pyth to the moon!
Pyth gonna break all time high end of Q1 next year. Come back to this when I'm right
If Link hit 120 Pyth to $3 easy load your bags too easy.... 🚀
Wonderfully informative as usual!
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no u.s exchange deals again, despite us being the highest viewers, awesome
Nice video
Brilliant video Nick 👍🏻
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Top Comments (10)
Link $100 and Pyth $5 by end of 2025❤❤❤❤
I've been holding LINK for a very long time, and I've done extremely well. However, I still believe it will eventually go many times higher than where it is now.
Pyth to the moon!
Pyth gonna break all time high end of Q1 next year. Come back to this when I'm right
If Link hit 120 Pyth to $3 easy load your bags too easy.... 🚀
Wonderfully informative as usual!
🤑EXCLUSIVE Deals (Bonuses, Discounts, Giveaways) 👉 https://www.coinbureau.com/deals/ 📈Bitget upto 50K USDT Deposit Bonus & GetAgent Plus Trial (Exclusive AI-powered Trading Assistant ) 👉 https://go.coinbureau.com/bitget-getagent 🔒Get 10% Off Your Tangem Wallet 👉 https://go.coinbureau.com/tangem10
no u.s exchange deals again, despite us being the highest viewers, awesome
Nice video
Brilliant video Nick 👍🏻