Recent OpenRouter data shows weekly token volumes hovering near 161T amid explosive platform growth driven by agentic AI workloads and developer routing demand. Chinese open-weight models like DeepSeek V4.1 Flash and new entrants such as Space Bunny Alpha have rapidly captured share through lower pricing and strong coding/reasoning performance, boosting overall throughput while creating volatility from launches and promotions. US frontier models retain premium revenue but lag in raw volume. With total usage expanding quickly yet sensitive to weekly model shifts and discounts, trader consensus clusters tightly around the 155-175T range as the most likely near-term outcome.