The $PYTH partnership with the U.S. Department of Commerce is about putting the U.S. quarterly GDP figures on-chain. PYTH (data validation and distribution) + $W (multi-chain interoperability) are responsible for this. This marks the first official adoption of blockchain data infrastructure by a U.S. federal agency and is akin to proving compliance with [government-level data integrity requirements]. --- There has been a confirmed influx of new investors with a net inflow of 15.3M pyth into new wallets over the past 24 hours (2-3 times the usual). Of course, with the surge in OI and significant leverage funds coming in, caution is advised regarding volatility. As mentioned above, since this is a 'historic moment', it seems likely that this atmosphere can be sustained. If we turn our hopes a bit further, it expands the possibility of 'new financial products with government data', which is very positive for DeFi as well. (There could be benefits like GDP-linked derivatives, macro...
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