[China Academy of Information and Communications Technology: Daily Token Call Volume in China Has Increased Over a Thousandfold] Jinshi Data, July 18 – Wei Liang, Deputy Director of the China Academy of Information and Communications Technology (CAICT), stated that the daily Token call volume in China has surged from approximately 100 billion at the beginning of 2024 to 140 trillion by the end of March 2026, marking an increase of over a thousandfold. Intelligent agents are fostering a brand-new economic model, known as the 'Token Economy.' Token, referred to as '词元' in Chinese, is a critical unit for large models to process information and measure model call costs. Its growth rate serves as the most direct barometer of industry development. In the era of intelligent agents, a single user command may trigger multiple rounds of model calls and resource consumption, directly driving an explosion in demand for artificial intelligence computing power. With the large-scale application of intelligent agents, a series of new models surrounding Token measurement, scheduling, pricing, and trading are taking shape.