The native token of the Chainlink network, LINK, surged more than 5% after the network announced a partnership with the U.S. Department of Commerce to bring official government economic data onchain, marking a first-of-its-kind effort to bridge public data infrastructure with blockchain applications.
Key macroeconomic statistics from the Bureau of Economic Analysis — such as Real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers — are now accessible onchain through Chainlink Data Feeds, the company announced in a blog post on Thursday. Six data points in total are being published, including both absolute levels and annualized percentage changes.
The data is being made available across ten blockchain