DeepSeek V4 Is Earning Agentic Token Share

Tracks how DeepSeek’s V4 release nearly doubled its token share on OpenRouter from 9% to 18%, becoming the first DeepSeek model sufficient for agentic workloads and capturing 70% of DeepSeek’s agentic tokens by May. Notes Chinese models collectively surpassed American models in token share for the first time in 2026, driven by V4 Flash’s low pricing.