Flashy Chat

Blog · · 3 min read

Every message moves billions — the receipts

The homepage says every message moves billions. That is the kind of sentence that deserves a transaction hash attached to it, so here are two.

Both are ordinary messages sent through the Flashy Chat contract. Neither did anything financially clever. Each one borrowed Morpho's entire balance of every supported token, held it for the instant the message was recorded on-chain, and repaid all of it before the transaction ended.

Ethereum Mainnet

Transaction 0xdd7cdb…13ec.

Token Amount borrowed Value at that block
cbBTC 7,325.8754 $827,450,302.47
wstETH 88,126.5592 $448,474,297.13
WBTC 3,963.0746 $447,217,114.63
ETH+ 46,362.6614 $204,185,796.95
USDC 191,136,279.7447 $191,079,703.41
weETH 21,430.9950 $96,810,662.31
RLP 60,231,447.9799 $74,686,995.50
yUSD 50,615,102.6473 $56,688,914.96
DAI 55,938,390.4547 $55,883,682.71
WETH 12,058.6843 $50,596,671.78
LBTC 275.0243 $31,031,271.57
Mog 30,857,862,354,238.37 $21,872,268.84
PEPE 2,151,173,672,830.42 $21,081,501.99
sUSDe 14,715,471.5768 $17,656,922.47
USDS 16,516,537.9742 $16,509,237.66
Total 15 priced tokens $2,561,225,344.39

Seventeen tokens were borrowed in all; the two the price feed does not cover are left out of the total rather than guessed at. Every one of them was returned inside the same transaction.

Base

Transaction 0x85765b…2747.

Token Amount borrowed Value at that block
cbBTC 13,749.7327 $1,539,172,572.64
USDC 96,291,637.7362 $96,263,039.12
wstETH 12,267.7313 $62,054,969.21
cbETH 5,341.0316 $24,493,650.31
WETH 5,156.4675 $21,504,738.44
wsuperOETHb 3,777.8309 $16,939,793.94
weETH 3,142.9571 $14,110,023.24
WELL 434,326,075.0760 $9,971,588.12
Total 8 tokens $1,784,510,375.02

Borrowed and repaid in one transaction, same as above.

How to verify this yourself

Open either hash on the explorer and look at two things.

The token transfers. You will see each token move from the Morpho contract to the Flashy Chat contract and back again, in pairs. Every borrow has a matching repayment in the same transaction — that is the whole mechanic.

The emitted events. MessageSent carries the sender and the message content. It is emitted at the point in the transaction where every borrowed token is being held simultaneously. For ads, AdSent goes further and records the full token list and the exact amount of each one, so the volume attributed to an ad is on-chain rather than asserted by a website.

The numbers are not constant

Nothing here is a fixed quantity. The contract borrows whatever Morpho happens to hold at that block, so the totals move with Morpho's balances — sometimes by hundreds of millions between one message and the next. Tokens with a zero balance are skipped automatically.

If you want the current figure rather than these historical ones, the contract exposes getFlashableAmounts(), which returns exactly what the next message or ad would borrow. The live total on the homepage comes straight from that call.

What this does not mean

It is worth being precise about the claim, because it is easy to overstate.

No money was made. No money was at risk. Nothing was traded, and no position was opened. The capital was borrowed and returned in the same instant, and the only cost was the message fee and gas.

What the transaction proves is narrower and stranger than a financial result: that a chat message can be attached, permanently and verifiably, to the largest movement of capital most people will ever have their name on.

Sources

  1. Ethereum Mainnet transaction on Etherscan
  2. Base transaction on Basescan
  3. Morpho Blue — the lending protocol being borrowed from

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