Pyth participates in LightLinkChain hackathon again

The **US Department of Commerce** is now working with Pyth Network to verify and distribute official GDP data on-chain through the Stacks blockchain. This partnership marks a significant step in the **US government's blockchain adoption**, leveraging Pyth's oracle infrastructure that already serves: - 100+ blockchains - 600+ applications - Trusted data verification model The collaboration focuses on bringing **verified economic data on-chain**, utilizing Pyth's established reputation for openness and security in the oracle space. This development represents one of the first major instances of official US economic data being made available through blockchain infrastructure.

The U.S. government published **GDP data directly onchain** for the first time through Pyth Network's partnership with the Department of Commerce. **What changed:** - GDP data previously lived in PDFs and spreadsheets - Now instantly accessible, verifiable, and tamper-proof on 100+ blockchains - Available to 600+ applications without intermediaries **Why it matters:** - Enables transparent financial models and automated contracts - Provides faster market access and reliable developer inputs - Builds citizen confidence in shared economic information **The bigger picture:** By putting America's most important economic metric onchain, the government signals that critical data can live in open, transparent systems. This validates blockchain as a tool for economic innovation. Pyth initially offers quarterly GDP releases going back 5 years, with plans to expand to broader economic datasets. The move positions the U.S. as a leader in financial transparency and opens new frontiers for tokenization and data accountability. *What other economic indicators should follow GDP onto the blockchain?*

**Jupiter Lend is now live on Solana**, marking another expansion of the Jupiverse ecosystem. The money market protocol, built by Jupiter Exchange, uses **Pyth Network's institutional-grade data** as its primary source for real-time price feeds. Key details: - Jupiter Lend enables lending and borrowing on Solana - Powered by Pyth's reliable price oracle infrastructure - Part of Jupiter's growing product suite beyond DEX aggregation This launch strengthens the partnership between Jupiter and Pyth, building on their existing collaboration where Pyth already provides JUP/USD price feeds across 50+ blockchains.

**Pyth Network** continues its expansion as the largest first-party oracle network, providing real-time price feeds and market data to blockchain applications. The network has been maintaining consistent operations, delivering critical infrastructure for DeFi protocols and other web3 applications that require accurate, low-latency financial data. - Serves as primary data source for numerous blockchain protocols - Focuses on first-party data collection from market makers and exchanges - Maintains position as leading oracle solution in the space Pyth's continued development reinforces the importance of reliable oracle infrastructure in the growing DeFi ecosystem.

The White House has referenced Pyth Network in its latest digital financial technology report, specifically citing research on perpetual futures markets. This marks a significant development in the recognition of on-chain finance at the federal policy level. Key points: - First official White House acknowledgment of Pyth's work - Focus on perpetual futures market infrastructure - Highlights growing importance of transparent market data The full report can be found at [White House Digital Assets Report](https://whitehouse.gov/wp-content/uploads/2025/07/Digital-Assets-Report-EO14178.pdf)