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Yeah, I was thinking the same thing. Fable 5.5 is coming out soon as well.

The increase in token volume corresponds with a price cut. The S-1 revision already reflects what's going on financially. Anthropic is buying volume with margin. There's nothing wrong with that but we shouldn't expect profit to show back up as Anthropic's costs are increasing and have a fixed minimum. Given that OpenRouter users can switch models with the click of a button, what this demonstrates is that OpenRouter users are extremely price sensitive.

Openrouter is a terrible proxy for frontier, token leaderboards are dominated by fast models like Deepseek 4.1 or Luna 6.

Yes, but the trend is pretty clear based on the link I posted.

Hahaha cringe.

It’s not possible at all that they had to cut prices to hold market share as folks switched some of their usage towards open models.

Utterly cringe takes.