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llmwaves

Mercury 2

Inception · released Mar 4, 2026

ProprietaryReasoningTool useStructured output

Mercury 2 is an extremely fast reasoning LLM, and the first reasoning diffusion LLM (dLLM). Instead of generating tokens sequentially, Mercury 2 produces and refines multiple tokens in parallel, achieving...

Specification

Context window
128K
Max output
50K
Knowledge cutoff
Not stated
Parameters
Undisclosed
Licence
Proprietary
Serving providers
1
Moderated
No
Uptime
100.0%

Intelligence

21.9

63th percentile

Coding

31.1

Coding Index

Agentic

9.5

Agentic Index

Output speed

228 t/s

Median across providers

Latency

572ms

Time to first token

Cost per task

$0.07

Estimated

Benchmarks

Where the score comes from

The Intelligence Index is a composite. These are the underlying evaluations this model was actually measured on.

Evaluation scores

Percentage correct · higher is better

  • GPQA Diamond
    77.0%
  • τ²-bench (Telecom)
    70.8%
  • IFBench
    69.8%
  • AA-LCR (long context)
    40.7%
  • SciCode
    38.7%
  • Terminal-Bench Hard
    26.5%
  • Humanity's Last Exam
    17.1%

An evaluation missing from this list was not run for this model — it is not a zero.

View as table
EvaluationScore
GPQA Diamond77.0%
τ²-bench (Telecom)70.8%
IFBench69.8%
AA-LCR (long context)40.7%
SciCode38.7%
Terminal-Bench Hard26.5%
Humanity's Last Exam17.1%

Against its peers

Intelligence Index · this model highlighted, nearest peers in grey

Peers are the models sitting closest on the Intelligence Index — the set you would realistically choose between.

View as table
ModelIntelligence
GLM 4.623.4
GLM 4.7 Flash23.3
Mercury 221.9
Qwen3.5-9B21.8
V3.1 Terminus21.7
Qwen3 Coder Next21.3
R120.4
North Mini Code (free)20.2

Percentile among all indexed models

Intelligence63th
Coding43th
Agentic24th
Terminal work68th
Arena Elo9th

Pricing

What it costs to run

List prices per million tokens, plus what one representative task works out to.

List price

Input / 1M tokens
$0.25
Output / 1M tokens
$0.75
Cached input / 1M
$0.025
Blended 3:1
$0.375

One task, estimated

$0.07

Input tokens
50,000
Output tokens
80,000
Profile
Reasoning

Estimated from list pricing: 50K input tokens plus 80K output tokens for reasoning models (25K for non-reasoning).

Serving providers

Speed and latency figures are medians across these providers, so a widely-served model reports a blend rather than any single endpoint.

Arena

Head-to-head generation quality

Elo from pairwise judgements, broken out by the kind of thing the model was asked to build.

Overall Elo
1,038
Win rate
23.6%
Strongest at
3D scenes
Tournaments
2,089

Elo by category

Dot position on a 975–1,050 scale · Elo has no meaningful zero

Agent categories (full-stack apps, mobile apps) are only scored for models tested in agent harnesses.

View as table
CategoryEloWin rate
3D scenes103823.6%
Websites101719.9%
SVG101624.1%
Game development101620.6%
Data visualisation101121.4%
UI components99218.0%