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DeFi gets the data layer it deserves as TRUF.Network launches
December 22, 2024
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Economic data has long been the cornerstone of decision-making, from government policy to financial markets. Yet, the systems that provide this data often lag badly and are prone to manipulation. Enter Truflation’s TRUF.Network to form a decentralized economic database.

Just launched this week, TRUF.Network reimagines how economic data is sourced, validated, and delivered, supplying DeFi builders with a rich trove of real-world financial metrics. For projects working within onchain verticals such as RWAs, AI, and prediction markets in particular, TRUF.Network’s debut is sure to be anticipated.

 

What makes TRUF.Network different

At its core, TRUF.Network is a web3 layer capable of aggregating and validating economic data in real time. It harnesses over 30 million data points across 80+ providers, offering insights into inflation rates, commodity prices, housing metrics, and much more.

Daily inflation updates eliminate the reliance on outdated monthly summaries, providing more timely and accurate insights. This real-time data allows DeFi platforms to integrate precise information for the development of synthetic assets and inflation-resistant financial products.

A globally distributed network of node operators ensures the integrity of TRUF.Network’s data by validating and computing metrics directly onchain. This eliminates the risk of central points of failure and ensures transparency when it comes to verifying data accuracy.

 

Bringing all the data onchain

With the launch of TRUF.Network, Truflation isn’t just intent on providing information: it aims to make on- and off-chain data a resource for diverse DeFi innovation. Developers can take raw metrics and use them to craft custom financial indexes.

Data providers, meanwhile, can monetize their contributions, ensuring that the quality of onchain information is not only decentralized but also widely accessible, with a globally distributed network of nodes ensuring redundancy. 

This approach turns data from a static asset into a dynamic, problem-solving tool. TRUF.Network delivers localized inflation indexes for emerging markets and supports launching prediction markets based on commodity trends. For end-users, the benefits are also evident—whether it’s hedging against inflation or streamlining treasury management, TRUF.Network equips DeFi users with actionable insights.

 

Efficiency through transparency

Earlier this month, Truflation founder Stefan Rust penned an open letter to the Department of Government Efficiency (D.O.G.E.), suggesting the agency adopt Truflation’s tools for improving financial transparency and streamlining economic policy. He pointed to Truflation’s success in Argentina, where it acts as an independent verifier of inflation metrics, as proof of what blockchain technology can achieve.

Rust sees clear parallels between the Elon Musk-led D.O.G.E. and Truflation: both organizations are committed to restoring public trust through the provision of greater transparency when it comes to economic decisions. While it remains to be seen whether the agency will take up his offer, the open letter underscores Truflation’s ambition to transcend the world of DeFi and become a transformative force in championing independent economic data.

 

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Utility, Utility, Utility

🚨Robinhood CEO - Vlad Tenev says: “It’s time to move beyond Bitcoin and meme coins into real-world assets!”

For up to date cryptocurrencies available through Robinhood:
https://robinhood.com/us/en/support/articles/coin-availability/

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3 Companies Control 80% Of U.S. Banking👀

3 companies. 80% of U.S. banking. You need to know their names.

Watch us break it down in the latest Stronghold 101

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We Have Been Lied To, For Far To Long!

Impossible Ancient Knowledge That DEBUNKS Our History!

Give them a follow:

Jays info:
@TheProjectUnity on X
youtube.com/c/ProjectUnity

Geoffrey Drumms info:
@TheLandOfChem on X
www.youtube.com/@thelandofchem

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👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
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💠 Equipped w/ crypto wallet and on-chain functions
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💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Pyth Network DAO

Beyond revenue, the Phase 2 proposal asks for the DAO to consider whether and how the network can deliver value back to the community.

This new product could fuel the DAO, and the DAO should consider whether it wants to support buybacks, rewards, and strengthening the network for all stakeholders.

Looking ahead to Phase 3: Total market coverage.

→ 200–300 new symbols added each month
→ 3K+ by year-end, 10K+ in 2026
→ Complete coverage across: trading venues, OTC markets, permissioned & unpermissioned DeFi

Pyth will become the most comprehensive financial data layer in the world.

https://x.com/PythNetwork/status/1963255788698484942

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He advises users to carefully verify every transaction if using a hardware wallet, and to avoid on-chain transactions entirely if they don’t.

Stay safe.

https://x.com/CoinDesk/status/1965110299456847944

$ETH ETF outflow of $96,700,000 🔴 yesterday.

BlackRock sold $192,700,000 in Ethereum.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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💳 PayPal: 
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🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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