The China Academy of Information and Communications Technology (CAICT) said daily token calls in China rose from about 100 bln at the start of 2024 to 140 tln by end‑March 2026, an increase of over 1,000x. CAICT vice president Wei Liang said tokens — the units large models use to process information and measure model invocation cost — are spawning a new token economy. The multi‑round model invocations driven by agent-scale applications are sharply increasing AI compute demand and are prompting the development of token metering, scheduling, pricing and trading models.(金十数据)