OpenRouter's $7B Valuation: A Structural Audit of the AI Middleman's Fragile Economics
I spent last week reverse-engineering OpenRouter’s business model. The number...
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2026-08-17
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92 million ARB released
15
04
halving
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All →
1
Bitcoin
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1
Ethereum
ETH
$2,444.88
1
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$105.87
1
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1
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1
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0xe550...5d82
1d ago
In
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🟢
0x8e0f...f9df
6h ago
In
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🔵
0xf9c3...1118
6h ago
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💡 Smart Money
0xcd9e...ef70
Top DeFi Miner
-$0.7M
93%
0x8a1f...4388
Experienced On-chain Trader
+$4.1M
83%
0xaaaa...7c93
Experienced On-chain Trader
+$3.6M
68%