BNB Chain has integrated Chainlink's data standard to incorporate official U.S. Department of Commerce metrics, such as GDP and PCE, directly on-chain. This integration enables developers to create financial products like macro-indexed tokens and prediction markets using verified economic data, enhancing the connection between traditional finance and Web3. The data, sourced from the U.S. Bureau of Economic Analysis, is now available on ten blockchains, including Ethereum and Avalanche, reducing reliance on third-party oracles. This development is part of a collaboration between Chainlink, Pyth, and the U.S. Department of Commerce, supporting the trend of utilizing real-world data in DeFi protocols.
BNB Chain Integrates U.S. Economic Data via Chainlink for DeFi Innovation
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