Trader consensus on OpenRouter token usage for September 28–October 25 reflects tight implied probabilities across the 575–725T range because weekly volumes have fluctuated sharply around 146–168T amid rapid model churn. Chinese open-weight models from DeepSeek, Z.ai, and Tencent continue to capture the majority share through competitive pricing and strong performance in coding and agentic workloads, while new entrants like Space Bunny Alpha have driven short-term spikes exceeding 100% week-over-week. Revenue-weighted spend remains anchored by higher-priced proprietary models, yet overall volume growth hinges on free-tier adoption and reasoning-token inflation. Key near-term catalysts include additional model releases and any regulatory signals on cross-border AI routing that could alter developer routing behavior before the period closes.