Vercel· 8 JunDeepSeek enters the fight for token volume, Anthropic continues to dominate spend
DeepSeek captures 17% token share in May; Anthropic leads spend
Research paper
Vercel's AI Gateway data for May 2026 shows 
DeepSeek's token share jumped from under 1% to 17% in one month, while its spend share stayed near 1%.
Anthropic's spend share grew from 61% to 65%, holding 70–80% of spend across high-stakes use cases.
Total tokens grew 20% month-over-month and total spend grew 43%, with customers paying almost 20% more per token on average.
