Market Maker Flowdesk to Join With Jump-Backed Pyth Network to Improve Access to Blockchain Data

Flowdesk hopes the partnership will help DeFi users and developers gain ready access to institutional-quality market data.

AccessTimeIconSep 28, 2022 at 1:00 p.m. UTC
Updated May 11, 2023 at 5:52 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Flowdesk, the market-maker that also builds trading infrastructure, will be teaming up with the Jump-backed Pyth network to provide investors with real-time institutional market data about crypto trading pairs, Flowdesk said.

The company hopes the partnership will help “DeFi users and developers access and build upon reliable institutional-quality market data,” Flowdesk said in a Wednesday press release.

The two entities will use Flowdesk’s trading infrastructure to provide crypto trading pairs data to Pyth’s oracle tool. Pyth's specialized oracle solution sources crypto-related market data originating off-chain and streams it for smart contracts.

“This aligns with our mission to bring the best of crypto finance to our clients, always putting their interests first, with the highest level of transparency, compliance and ethics,” Flowdesk CEO Guilhem Chaumont said in the press release.

Pyth’s network of over 65 trading firms, market makers and exchanges publishes data directly on-chain to the network. The information is then aggregated and made available for both on-chain and off-chain users.

Pyth is currently publishing data for nearly 90 price feeds across asset classes. This information will soon be available on different blockchains via the Wormhole cross-chain messaging protocol.

“Flowdesk has established itself as a top player in trading infrastructure, particularly for crypto, which makes them a fantastic partner for Pyth, a project we believe to be at the core of DeFi infrastructure going forward,” said Stephen Kaminsky, special projects at Jump Crypto.

Both Pyth Network and Wormhole, another Jump-backed infrastructure project, announced last week that they will be launching on Aptos, a layer 1 blockchain protocol founded last year by two ex-Meta employees.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about