Why PYTH Token’s 68% Surge After Commerce Dept’s GDP Move Could Break the Market Wide Open—Don’t Sleep on This One!
Ever wondered what happens when traditional economic data meets cutting-edge blockchain technology? Well, the PYTH token just gave us a spectacular answer—soaring a staggering 68% after the U.S. Department of Commerce decided to entrust Pyth Network with delivering official GDP feeds on-chain. That’s right, folks, economic transparency is getting a serious upgrade, weaving decentralized innovation right into the fabric of how we access critical financial data. This move isn’t just about numbers or tokens climbing; it’s a bold declaration that the future of trusted information lies on the blockchain, with Pyth and Chainlink leading the charge. Curious how this partnership reshapes the digital economy and what it means for investors and innovators alike? Let’s dive in. LEARN MORE.
The Department of Commerce moves economic data to the blockchain, expanding access and transparency through Pyth and Chainlink.
Key Takeaways
- The PYTH token price increased by 68% following the US Department of Commerce’s selection of Pyth Network to deliver official GDP data on-chain.
- BEA macroeconomic indicators are now published across multiple blockchains, with Pyth Network and Chainlink as key providers.
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PYTH, the native token of the Pyth Network, jumped 68% to $0.2 on Thursday after the US Department of Commerce said it had chosen Pyth and Chainlink to bring official economic and financial data on-chain.
According to CoinGecko data, the token has been trading under $0.5 since early 2025, after falling from its March 2024 peak of $1.2. It remains 84% below its record high.
Pyth Network is a decentralized oracle platform that provides high-fidelity, real-time financial data to blockchain applications. The PYTH token is mainly used for governance and incentivizing participants, including data providers, who contribute and maintain data accuracy within the network.
The DOC is working with Pyth Network and Chainlink to publish US macroeconomic statistics through its Bureau of Economic Analysis (BEA) across nine blockchain networks, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
Pyth described the partnership as a historic milestone, highlighting the US government’s embrace of decentralized infrastructure and cryptographic verification for public data. The company said the initiative advances transparency, efficiency, and American leadership in the digital economy.
Chainlink’s LINK token surged more than 7% after the announcement. The rally pushed the price close to $25 at the time of writing.
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