The PYTH price rises by 60 %, as the United States chooses the PYTH network to verify the Onchain data star-news.press/wp

The price of the PYTH network jumped more than 60 %, as the encoded currency reaction to the news that the US Department of Commerce has chosen the Oracle platform as a strategic partner in verifying and distributing economic data on the series.

US Department of Commerce He said On Thursday, August 28, the country’s economic data will be published on Blockchain, and the PYTH (PYTH) and ChainLink (Link) will be Blockchain platforms that help verify and distribute these economic data.

The price of PYTH, which fought less than $ 0.12, reached levels above $ 0.20, and rose by more than 60 %. The size of the daily currency also increased sharply, increasing for 24 hours by 2700 % as the purchase pressure was installed.

Meanwhile, the market value of the Pyth Network has increased to more than one billion dollars, as PYTH prices increased in May.

The US Department of Commerce brings economic data

On Thursday, it was a big day for the encryption space, as the US Department of Commerce announced that it would publish the data of the gross local product on several groups of Blockchains, including Bitcoin (BTC), ETHEREUM (ETH) and Solana (Sol).

The agency will work with the PYTH network, which will run the distribution of this data to Blockchain. The real American GDP, which increased by 3.3 % annually in July, is now onchain. In addition to Bitcoin, Ethereum and Solana, the data is also on stars, Tron, Avalanche, Irvi One, Polygon, and optimism.

While the Oracle Pyth and Chainlink platforms helped spread the data, the Federal Agency was used to exchange Crypto Coinbase, Gemini and Kaken to publish.

“We make America’s economic truth unprecedentedly unprecedented, which enhances our role as the Blockchain capital in the world. Everyone has to admit that GDP growth is impressive,” said US Secretary of Commerce Howard Lottenic: