Tokenomics: Quantifying Where Tokens Are Used in Agentic Software Engineering

LLM-based Multi-Agent (LLM-MA) systems are increasingly applied to automate complex software engineering tasks such as requirements engineering, code generation, and testing. However, their operational efficiency and resource consumption remain poorly understood, hindering practical adoption due to unpredictable costs and environmental impact. To address this, we conduct an analysis of token consumption patterns in an LLM-MA system within the Software Development Life Cycle (SDLC), aiming to understand where tokens are consumed across distinct software engineering activities. We analyze execution traces from 30 software development tasks performed by the ChatDev framework using a GPT-5 reasoning model, mapping its internal phases to distinct development stages (Design, Coding, Code Completion, Code Review, Testing, and Documentation) to create a standardized evaluation framework. We then quantify and compare token distribution (input, output, reasoning) across these stages. Our preliminary findings show that the iterative Code Review stage accounts for the majority of token consumption for an average of 59.4% of tokens. Furthermore, we observe that input tokens consistently constitute the largest share of consumption for an average of 53.9%, providing empirical evidence for potentially significant inefficiencies in agentic collaboration. Our results suggest that the primary cost of agentic software engineering lies not in initial code generation but in automated refinement and verification. Our novel methodology can help practitioners predict expenses and optimize workflows, and it directs future research toward developing more token-efficient agent collaboration protocols.

Is ChatGPT a Good Software Librarian? An Exploratory Study on the Use of ChatGPT for Software Library Recommendations

Software libraries play a critical role in the functionality, efficiency, and maintainability of software systems. As developers increasingly rely on Large Language Models (LLMs) to streamline their coding processes, the effectiveness of these models in recommending appropriate libraries becomes crucial yet remains largely unexplored. In this paper, we assess the effectiveness of ChatGPT as a software librarian and identify areas for improvement. We conducted an empirical study using GPT-3.5 Turbo to generate Python code for 10,000 Stack Overflow questions. Our findings show that ChatGPT uses third-party libraries nearly 10% more often than human developers, favoring widely adopted and well-established options. However, 14.2% of the recommended libraries had restrictive copyleft licenses, which were not explicitly communicated by ChatGPT. Additionally, 6.5% of the libraries did not work out of the box, leading to potential developer confusion and wasted time. While ChatGPT can be an effective software librarian, it should be improved by providing more explicit information on maintainability metrics and licensing. We recommend that developers implement rigorous dependency management practices and double-check library licenses before integrating LLM-generated code into their projects.