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🚨 The American government puts economic data on the blockchain
America has chosen Chainlink ($LINK) and Pyth ($PYTH) to publish macro data on-chain to increase transparency in spending and promote its position as the "crypto capital". 🇺🇸✨
🔹 Chainlink: provides data from BEA including real GDP, PCE price index, final sales of the private sector.
🔹 Pyth: assigned by the Department of Commerce to publish GDP onchain.
📈 Meaning:
- Automating trading strategies
- Expand prediction market
- Support for DeFi, stablecoins, tokenized bonds & RWAs
💹 Market:
$PYTH increased by +70%
$LINK increased by +61% in August
#Chainlink Pyth #Crypto DeFi