1. Blockchain Receives National Endorsement, Oracles Ignite the Market
Blockchain has once again taken the national stage! The United States has directly moved its national GDP data onto the blockchain, meaning that economic data, which previously required reliance on various reports and news to understand, can now be accessed instantly on-chain. Following this news, the oracle network Pyth, which focuses on financial data, saw its stock price soar by 100%, while industry giant Chainlink experienced a nearly 5% short-term increase, causing the entire market to erupt.
So the question arises: in the issuance of RWA (Real World Assets), what exactly is an oracle? What is the difference between putting GDP data on-chain and directly publishing it? Why do industry insiders say that after the "spring of oracles," there will be a RWA celebration? The answer is simple: This is the first time that data, finance, and blockchain have achieved deep integration at the national level, and the door to financial innovation has been completely opened.
2. Data "Revisions" During the Trump and Biden Administrations
U.S. economic data has never been just simple numbers; they relate not only to investment, employment, and policy decisions but have also shown significant discrepancies between initial reports and subsequent revisions, causing severe fluctuations in financial markets. In other words, behind seemingly stable numbers lie potential market landmines that could explode at any moment, forcing investors and policymakers to remain constantly vigilant.
- During Trump's administration (early 2020 pandemic): The Labor Department initially reported a decrease of about 701,000 non-farm jobs in March, which seemed stable, but as the impact of the pandemic became evident, the revision was astonishing: in April 2020, the number of initial unemployment claims in the U.S. surged to about 6.6 million, a historic high, severely impacting the job market.
- During Biden's administration (March 2024): The initial estimate of new jobs in the U.S. was overestimated by about 818,000, ultimately revised down to 589,000! This is the largest annual downward revision in 15 years, causing an uproar in the market.
Repeated revisions have caught the market and decision-makers off guard, reducing trust in initial data reports. The emergence of blockchain allows real data to be directly placed on-chain, achieving transparency, security, and traceability, reducing information asymmetry, and helping the market to quickly identify potential risks.
3. Oracles - The "Journalists" of the Blockchain World
Oracles are the core tool for putting economic data on-chain. They act like super-reliable reporters: they obtain data from databases or financial institutions and then bring that information onto the blockchain, allowing smart contracts to execute automatically.
Indicators such as GDP, employment, and interest rates from the real world are stored in databases, while the blockchain can only read on-chain data. Oracles serve as a bridge, allowing the blockchain to "see" real-world information, ensuring that transactions and smart contract executions are based on real data rather than historical fragments or manual inputs.
According to the U.S. Department of Commerce, starting in July 2025, the U.S. will publish GDP data on the blockchain for the first time, with a July GDP annual growth rate of 3.3%. At the same time, the Personal Consumption Expenditures Price Index (PCE) and actual final sales will also be placed on-chain. This release is not only a milestone for oracle applications but also lays the groundwork for the spring of RWA.
4. Macroeconomic Data on-Chain, RWA Welcomes Favorable Opportunities
The on-chain GDP is just the tip of the iceberg; this macroeconomic data on-chain signifies that RWA is truly welcoming favorable conditions. The reasons are mainly threefold:
- Enhanced data reliability: On-chain data verified by oracles is real, trustworthy, and immutable, reducing the trust cost in the market.
- Smart contracts drive asset circulation: Once data is on-chain, DeFi protocols and RWA transactions can be executed automatically, improving efficiency and reducing operational friction.
- Rapid expansion of application scenarios: Macroeconomic data can be used for automated trading strategies, enhancing token asset composability, issuing new types of digital assets, developing real-time prediction markets, building transparent dashboards, and creating risk management systems based on economic indicators.
Pyth Network (financial data oracle network) stated: “Smart contracts will replace paper contracts; once on-chain data is verified, it can ensure the security of transactions from tokenized securities to entirely new innovative real-world transactions.”
This means that RWA projects have solid underlying data support, and the potential for financial innovation is accelerating.
5. Multi-Chain Participation, Web 3 and RWA Become Essential Courses
This on-chain GDP not only involves oracle companies Chainlink and Pyth Network but also covers nine public chains including Bitcoin, Ethereum, Solana, TRON, Avalanche, Arbitrum, Polygon, Optimism, and Stellar. Multi-chain participation means a broader data source and more application scenarios, creating a positive cycle between ecology and technology, allowing blockchain to continuously evolve.
Why is Web 3 and RWA considered the future trend?
- Unprecedented data availability: On-chain data is verified, and smart contracts can be called directly, significantly lowering development barriers.
- Acceleration of asset digitization: Real-world assets are rapidly placed on-chain, tokenized, and can participate in the DeFi ecosystem, multiplying liquidity and innovation space.
- Resonance between policy and market: National-level data on-chain, oracle implementation, and rapid AI development collectively drive a new wave of financial technology.
In other words, knowledge of Web 3 and RWA is becoming a "required course" for everyone. Whether in entrepreneurship, investment, or career development, mastering relevant knowledge is essential to seize the initiative in the next wave.
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