ChainThink report: In March, according to the People's Daily citing information from China's National Data Administration, China’s daily token call volume has exceeded 140 trillion.

At the beginning of 2024, this figure stood at 100 billion; by the end of 2025, it surged to 100 trillion; in March of this year, it further surpassed 140 trillion, representing a more than thousandfold increase over two years.

Tokens are the fundamental unit of information processed by large models, exhibiting characteristics of measurability, priceability, and tradability in the intelligent era. As data elements market-oriented allocation reforms advance, a rapidly maturing ecosystem for token invocation, distribution, and settlement is taking shape.