Chainlink has made six official U.S. economic data feeds covering GDP, inflation and private domestic demand available across 10 public blockchain networks.
The feeds use Chainlink’s oracle infrastructure to distribute macroeconomic statistics produced by the Bureau of Economic Analysis (BEA), part of the U.S. Department of Commerce. The arrangement allows blockchain applications to access government data without developers having to enter each new release manually.
The programme covers real gross domestic product, the Personal Consumption Expenditures Price Index and Real Final Sales to Private Domestic Purchasers. Each measure is available through two feeds: one showing the latest level and another recording the quarter-on-quarter change at an annualised rate.
The data is initially available on Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic and ZKsync. Chainlink said additional networks could be supported if users demand them.
Although Chainlink highlighted the arrangement in a recent post on X, the feeds were first announced in August 2025. At that time, the Commerce Department worked with Chainlink and Pyth Network to put selected BEA data on public blockchains.
What the feeds measure
Real GDP records the value of goods and services produced in the United States after taking inflation into account. The level feed reports the figure in billions of chained 2017 dollars, while the second gives the quarter-on-quarter percentage change at a seasonally adjusted annual rate.
The PCE Price Index measures changes in the prices paid by U.S. consumers for goods and services. It is the Federal Reserve’s preferred inflation gauge when assessing progress towards its 2% target, making its publication closely followed by investors in stocks, bonds, currencies and digital assets.
Chainlink’s PCE feeds provide the headline index level, using 2017 as the base year, as well as the annualised quarterly change. The BEA publishes monthly PCE estimates in its Personal Income and Outlays report, while quarterly figures are also included in the national economic accounts.
The third indicator, Real Final Sales to Private Domestic Purchasers, measures inflation-adjusted spending by consumers and private businesses. According to the BEA, excluding government spending, exports and inventory changes gives a more focused view of private domestic demand.
Its two feeds follow the same format as the GDP data, with one reporting the level in chained 2017 dollars and the other showing the annualised quarterly rate of change. Chainlink updates the six feeds monthly or quarterly, depending on the BEA’s publication schedule.
Oracle networks act as a link between blockchains and information created outside them. Smart contracts cannot independently retrieve government statistics, so an oracle delivers the information in a format that blockchain applications can read and use.
Chainlink said direct access to BEA data could support inflation-linked digital assets, prediction markets, perpetual futures and automated trading products. Developers could also use the feeds for dashboards or to adjust risk settings in decentralised finance protocols after the release of new economic figures.
For example, a prediction market could use an official feed to settle a contract linked to quarterly GDP growth. An inflation-linked product could refer to the PCE Price Index, while a lending protocol could use changes in private demand in a pre-defined risk model. Chainlink presented those as possible applications, rather than products already launched through the Commerce Department arrangement.
The feeds do not provide the figures before they are released through the government’s normal channels. They follow the BEA’s timetable, meaning on-chain users receive the same underlying statistics made available to the public in official reports.
Chainlink said its feed infrastructure had received ISO 27001 certification and a SOC 2 Type 1 attestation. Those credentials relate to the controls and information-security processes supporting the service, but do not remove the need for individual applications to manage smart-contract, market and data-integration risks.
Wider Commerce Department blockchain programme
The Chainlink feeds are one part of the Commerce Department’s wider blockchain data initiative. In August 2025, the department separately published second-quarter U.S. GDP information across nine networks, including Bitcoin, Ethereum and Solana.
The agency published a cryptographic hash of its full report alongside the reported 3.3% annualised GDP growth rate. Coinbase, Gemini and Kraken helped distribute the information, while Chainlink and Pyth supported other elements of the programme.
Commerce Secretary Howard Lutnick described the initiative as a way to make U.S. economic information globally accessible and resistant to alteration.
Publishing a hash on a blockchain is different from operating an oracle feed. A hash can help users verify that a document has not been changed, while a feed provides a specific data value in a form that smart contracts can use during automated transactions.
Chainlink has also expanded its data infrastructure into tokenised stocks and other real-world assets. On 26 August, the company introduced price feeds for Coinbase-issued versions of Nvidia, Apple, Meta and Alphabet shares on Base.
The NVDAc, AAPLc, METAc and GOOGLc feeds allow lending applications to calculate collateral values, borrowing limits, loan health and liquidation thresholds. Coinbase currently restricts the underlying tokenised stock products to eligible non-U.S. investors, so the Chainlink integration does not make those assets available to U.S. users.
In a research note published on 10 August, Standard Chartered set a $200 target for LINK by the end of 2030. Analyst Geoff Kendrick based the forecast partly on expected growth in tokenised assets and decentralised finance, predicting that assets held on blockchains could reach $4tn by the end of 2028. The figure is the bank’s forecast and is not guaranteed.
Coinbase’s initial Chainlink-supported stock feeds use total-return values, combining the underlying share price with information from the exchange’s on-chain oracle registry. The supported assets are issued under Coinbase’s B20 token standard, with each token representing an interest in a U.S.-listed share held through the product’s custody structure.
