openrouter top 5 by token volume last week:
1. tencent hy3 (free) – 6.13t
2. xiaomi mimo-v2.5 – 5.95t
3. deepseek v4 flash – 5.22t
4. minimax m3 – 4.26t
5. z-ai glm 5.2 – 3.19t
all five chinese. hy3 is running a free promotion through july 21 – after that it moves to $0.14 per million input tokens. the rest of the top 5 ranges from $0.07 to $0.93/m input.
nvidia's nemotron 3 ultra jumped with 109% to #8.
claude opus 4.7 sits at #7 – the highest-ranked non-chinese model on the board.
the pattern is accelerating: free launches and sub-dollar pricing are compressing the entire volume distribution toward open and cheap. the frontier tier still exists, but it's shrinking on the leaderboard every week.

Addy Crezee