Diffusion Transformers rely on static patchify tokenization, assigning the same token budget to smooth backgrounds, detailed object regions, noisy early timesteps, and late-stage refinements. We introduce the Dynamic Chunking Diffusion Transformer (DC-DiT), which replaces fixed patchification with a learned encoder-router-decoder scaffold that adaptively compresses the 2D input into a shorter token sequence through a chunking mechanism learned end-to-end with diffusion training. DC-DiT allocates fewer tokens to predictable regions and noisy timesteps, and more tokens to detailed regions and later refinement stages, yielding meaningful spatial segmentations and timestep-adaptive compression schedules without supervision. Furthermore, the router provides an importance ordering over retained tokens, enabling elastic inference: a single checkpoint can be evaluated at flexible compute budgets with a smooth quality-compute tradeoff. Additionally, DC-DiT can be upcycled from pretrained DiT checkpoints and is also compatible with orthogonal dynamic computation approaches. On class-conditional ImageNet generation, DC-DiT reduces inference FLOPs by up to 36.8% and improves FID by up to 37.8% over DiT baselines, yielding a stronger quality--compute Pareto frontier across model scales, resolutions, and guidance settings. More broadly, these results suggest that adaptive tokenization is a general mechanism for making visual generation both more efficient and more flexible at inference time.