Token usage is increasing, but growth in spend has decelerated
VANDA • BRANDON CARL
01
OpenRouter
Source: OpenRoutertokens / week · trillions
AmericanOther
02
OpenCode
Source: OpenCode public statstokens / week · trillions
AmericanOther
03
Anthropic
Source: TickerTrendsannualized revenue · USD billions
04
OpenAI
Source: TickerTrendsannualized revenue · USD billions
05
Codex growth
Source: OpenAIreported active users · millions
06
Ramp token spend
Source: Ramprelative weekly index · peak = 100